Xinxiang Juncao New Materials Technology Co., Ltd. announced that it will receive CNY 40,000,000 in land, real estate and cash round of funding on November 30, 2023. The transaction will include participation from returning investor, Xinxiang Chemical Fiber Co., Ltd. The transaction has been approved at the 6th meeting of Xinxiang Chemical Fiber Co., Ltd.'s first directorate and does not need the shareholders? approval.