Shanghai Shengben Packaging Materials Co., Ltd. announced that it will receive CNY 62.60 million on July 7, 2023. The transaction included participation from returning investor Shinva Medical Instrument Co.,Ltd. for CNY 60 million out of which CNY 9 million will be added as registered capital and individual investor Chen Xiaomin for CNY 2.60 million out of which CNY 0.39 million will be added as registered capital. After the capital increase, Shanghai Shengben?s registered capital will become CNY15.39 million.

The company will raise first tranche of CNY 32.6 million within 30 days. The remaining capital increase amount of CNY 30 million will be credited to Shanghai Shengben according to the actual needs of funds, but no later than 2 years from the date of industrial and commercial change registration, all CNY 30 million will be included in the capital reserve.