Zibo Feiyuan Chemical Co., Ltd. announced that it will raise CNY 816,286,200 in an equity round of funding on December 5, 2023. The transaction included participation from returning investor, Zhejiang Juhua Co., Ltd.. The registered capital will increased by CNY 77,218,322.

The transaction has been approved in the 6th session of Zhejiang Juhua Co., Ltd.'s 9th directorate meeting.