New Universal (Ningxia) Intelligent Environmental Protection Technology Co., Ltd. announced that it will raise CNY 180,000,000 in a equity round of funding on March 2, 2021. The transaction included participation from returning investor New Universal Science and Technology Co., Ltd. (SZSE:300472). The company's registered capital will increase from CNY 100,000,000 to CNY 280,000,000. The transaction was approved by board of directors in the 2nd extraordinary directorate meeting and the 1st extraordinary supervisory meeting and does not need the shareholders approval.