Fujian Zhongxin Fluorine Materials Gaobao Technology Co., Ltd announced that it will receive CNY 100,000,000 in a round of funding from returning investor Zhejiang Zhongxin Fluoride Materials Co.,Ltd on October 24, 2022. The company will issue common shares in the transaction. Post the closing of the transaction, the registered capital of the company will increase from CNY 173,000,000 to CNY 273,000,000 and the investor will continue to hold 100% stake in the company.

The transaction was approved in the fourth meeting of the sixth board of directors of the investor.