Huai'an Chenhua New Material Co., Ltd. announces it will raises CNY 200 million round of funding on July 17, 2023. The transaction included the participation from returning investor Yangzhou Chenhua New Material Co., Ltd. The registered capital is increased from CNY 300 million to CNY 500 million, and the company will still hold 100% of its shares. The company held the seventh meeting of the fourth board of directors and the seventh meeting of the fourth board of supervisors.

The company increase still needs to be submitted to the general meeting of shareholders for consideration.