Shanghai HIUV Applied Materials Technology Co., Ltd. announced that it will receive CNY 100,000,000 in funding on January 19, 2022. The transaction will include participation from existing investor Shanghai HIUV New Materials Co.,Ltd which will continue to own 100% stake in the company. The registered capital of the company will increase from CNY 80,000,000 to CNY 180,000,000.

This capital increase has been reviewed and approved at the 19th meeting of the third board of directors of the investor, and still needs to be submitted to the company's general meeting of shareholders for consideration.