Weifang Yaxing New Materials Co., Ltd. announced that it will receive CNY 300 million in equity round of funding on April 18, 2023. The transaction will include participation from returning investor Weifang Yaxing Chemical Co., Ltd. currently owns 100% stake in the company. After the completion of the transaction the registered capital of the company will increase from CNY 300 million to CNY 600 million.

The transaction has been approved in the twenty-third meeting of the eighth board of directors of the investor.