Jiangsu Dongpu New Materials Technology Co., Ltd. announced that it will receive CNY 700 million in an equity round of funding on October 11, 2021. The transaction will include participation from returning investor Jiangsu SOPO Chemical Co. Ltd. Post to the closing, the registered capital of the company will increase from CNY 300 million to CNY 1,000 million. The transaction was approved by the board of directors of the investor at its fifth meeting of the ninth board. The transaction is subject to approval procedures by the state-owned assets supervision and administration department shareholders meeting of investor for deliberation.