Fujian Kibing Pharmaceutical Materials Technology Co., Ltd. announced that it will raise CNY 306,000,000 on March 3, 2023. The transaction will include participation from returning investor, Zhuzhou Kibing Group Co.,Ltd with 91.9608% stake post completion of the transaction. The company's registered capital will increase from CNY 100,000,000 to CNY 400,000,000.

The transaction has been approved by the 11th meeting of the 5th directorate. The transaction is still subjected to approval of the shareholders of the company.