New Universal (Ningxia) Intelligent Environmental Protection Technology Co., Ltd. announced that it will raise CNY 100,000,000 in a equity round of funding on April 28, 2021. The transaction included participation from returning investor New Universal Science and Technology Co., Ltd. The company's registered capital will increase from CNY 280,000,000 to CNY 380,000,000. The transaction was approved by board of directors in the 24th meeting of the third board of directors and the 18th meeting of the third board of supervisors.