Hunan Bofu New Material Technology Co., Ltd. announced that it will receive CNY 75,000,000 in funding on May 31, 2021. The transaction will include participation from existing investors Hengyang Ailifu New Energy Partnership, Shenzhen Capchem Technology Co., Ltd., Changsha Xinlianhuayuan New Energy Partnership (Limited Partnership) to retain their stakes of 27.57%, 59% and 13.43% respectively. The total funding includes CNY 30,000,000 for new registered capital and the remaining CNY 45,000,000 for capital reserve. After the completion of the capital increase, the registered capital of the company will increase from CNY 70,000,000 to CNY 100,000,000. The transaction has been approved at twentieth meeting of the fifth board of directors and the fourteenth meeting of the fifth board of supervisors of Shenzhen Capchem Technology Co., Ltd. (SZSE:300037). The transaction is expected to close on June 15, 2021.