Anhui Aofu Fine Ceramics Co., Ltd. announced that it will receive CNY 16 million in equity round of funding on March 6, 2022. The transaction will include participation from existing investor Aofu Environmental Technology Co., Ltd. to retain its 100% stake. Upon closing, the registered capital of the company will increase from CNY 50 million to CNY 66 million.

The transaction has been approved in the tenth meeting of the third board of directors and the ninth meeting of the third board of supervisors, and does not need to be submitted to the general meeting of shareholders for consideration.