Lanzhou Dingda Technology Co., Ltd. entered into an agreement to receive CNY 60 million in an equity round of funding on December 13, 2023. The transaction will include participation from returning investors, Nantong Acetic Acid Chemical Co., Ltd. for CNY 12,015,200 to maintain its stake of 20.0253%, Daming County Mingding Chemical Co., Ltd. to maintain its stake of 54.38980%, individual investors, Sun Jianzhu to maintain its stake of 20.02530%, Tian Fengwen to maintain its stake of 1.97620%, Liu Jinqi to maintain its stake of 1.23840%, Xu Junchen to maintain its stake of 0.89590%, Yang Haixia to maintain its stake of 0.88530% and Tian Fengwei to maintain its stake of 0.56390%. The company's registered capital will increase from CNY 189.760 million to CNY 249.760 million.

The transaction has been approved at the 10th meeting of Nantong Acetic Acid Chemical Co., Ltd.'s eighth board of directors and does not need to be submitted to the shareholders' meeting for review.