Shinghwa Advanced Material Technology (Lianjiang) Co., Ltd. announced that it will receive CNY 2.7 million equity round of funding on January 7, 2024. The transaction included the participation from returning investors Shinghwa Advanced Material Group Co., Ltd. for CNY 1 million and Fujian Ruichida Investment Partnership (Limited Partnership) for CNY 1.7 million and hold 39% stake in the company. The transaction has been approved by the 41st meeting of the seventh board of directors in the company.