Xiamen Jinglu New Energy Materials Co., Ltd. announced an equity round of funding for the gross proceeds of CNY 190,000,000 on October 28, 2021. The transaction will include participation from returning investor XTC New Energy Materials( Xiamen) Co., Ltd. Post completion its registered capital will increase from CNY 10,000,000 to CNY 200,000,000. The transaction has been approved in the 13th meeting of the company's 1st Directorate.