Zhengzhou Prince New Material Co., Ltd. announced that it will receive CNY 37,332,700 in an equity round of funding on August 22, 2016. The transaction will include participation from returning investor Shenzhen Prince New Materials Co., Ltd. (SZSE:002735) to retain its 100% stake in the company. The company’s registered capital will increase from CNY 3,000,000 to CNY 40,332,700. The transaction was approved at the 5th session of the 3rd directorate of the investor.