Suzhou Hondol New Materials Co., Ltd. announced that it has received hundreds of millions of yuan investment in a round of funding on August 31, 2023. The transaction included participation from new investors CMB International Capital Holdings Corporation Ltd., Rising Investments Management Co., Ltd., Suzhou New District Hi-Tech Industrial Co.,Ltd, Hefei Industrial Investment Capital Venture Capital Management Co., Ltd., Hefei Xincheng Holding Group Co., Ltd., and Jiangsu Asion Capital Management Co., Ltd. The company has raised a total money of CNY 200 million in funding till date.