Huzhou Tony Special Materials Co., Ltd. announced that it will receive CNY 10,000,000 in an equity round of funding on November 6, 2020. The transaction will include participation from returning investor Zhejiang Tony Electronic Co., Ltd (SHSE:603595). On closing, the investor retains its 100% stake in the company. Post-closing, the registered capital of the company will increase from CNY 20,000,000 to CNY 30,000,000. The transaction was approved by the board of directors of Zhejiang Tony Electronic Co., Ltd (SHSE:603595) in its 21st meeting of the second directorate. The transaction does not need approval from the shareholders