Chem (Yueyang) Waterborne Additive Co., Ltd. announced that it will receive CNY 50,000,000 in an equity round of funding on January 18, 2021. The transaction will include participation from Suzhou Sunmun Technology Co., Ltd. (SZSE:300522) to retain its stake. Pursuant to the transaction, the registered capital of the company will increase from CNY 2,000,000 to CNY 52,000,000. The transaction has been approved at the 4th meeting of 4th board of of the company's parent.