Hubei Jinjing New Materials Technology Co., Ltd announced that it will receive CNY 97,000,000 in a round of funding on April 29, 2022. The transaction will include participation from Hubei Sanxia New Building Materials Co., Ltd. After the completion of the transaction, registered capital will be increased from CNY 3,000,000 to CNY 100,000,000. The transaction has been approved in the 9th meeting of the company's 10th directorate,and is subject to the shareholders' approval.