Yongguan New Materials Technology (Shandong) Co., Ltd. announced that it will receive CNY 30 million in a round of funding on February 24, 2022. The transaction includes participation from returning investor Shanghai Yongguan Adhesive Products Corp., Ltd. Post the completion of the transaction the registered capital of the company will increase from CNY 100 million to CNY 130 million. The transaction is approved by the 23rd meeting of the third board of directors of the company.