Capchem Poland Sp. z o.o. announced that it will receive PLN 80,276,989 in a equity round of funding on April 12, 2021. The transaction will include participation from new investors, Shenzhen Capchem Technology Co., Ltd. (SZSE:300037) for PLN 50,585,277 of which PLN 10,117,000 will be included in the share capital and PLN 40,468,227 will be included in capital reserve to hold 68% stake in the company, Capchem (Hongkong) Co., Limited for PLN 12,646,307 of which PLN 2,529,250 will be included in share capital and PLN 10,117,057 will be included in capital reserve to hold 17% stake in the company, LG Energy Solution.

Ltd. for PLN 17,045,455 of which PLN 4,223,000 will be included in share capital and PLN 12,822,455 will be included in the capital reserve to hold 15% stake in the company,. After the capital increase, the share capital of the company will increase from PLN 11,284,000 to PLN 28,153,250. The transaction is subject to company's board of directors and there is no need to submit it to the company's shareholders meeting for deliberation.