Suzhou Qiyuan New Material Technology Co., Ltd. announced that it will receive CNY 3,000,000 in a equity round of funding on April 11, 2024. The transaction will include participation from new investor Xinxiang Tianli Energy Co., Ltd. for 1% stake in the company. The company will add CNY 114,784 as newly added registered capital, while CNY 2,885,216 shall be included as capital surplus.

The investor company will pay within 3 working days after this agreement takes effect, the investor will pay the capital increase price of CNY 3 million yuan in cash to the company's designated account. The company will raise money at a post-money valuation of CNY 300,000,000.