Chengdu Xinzheng Environment-friendly Technology Co., Ltd. announced that it will receive CNY 45,000,000 in an equity round of funding on August 10, 2017. The transaction will include participation from existing investor Shenzhen Prince New Materials Co., Ltd. Pursuant to the closing of the transaction, the registered capital of the company will increase from CNY 5,000,000 to CNY 50,000,000. The transaction has been approved in the 22nd meeting of the investor’s 3rd directorate. The company reported total assets of CNY 44,577,261.08, total liabilities of CNY 25,901,552.67, net assets of CNY 18,675,708.41, revenues of CNY 44,941,895.57, and net profit of CNY 6,943,204.35 for the year ending December 31, 2016.