Shanghai Bayi Space Advanced Materials Co., Ltd. announced that it will receive CNY 60,000,000 in an equity round of funding on April 19, 2022. The transaction will include participation from returning investor Beijing Bayi Space LCD Technology Co., Ltd to retain its 100% stake in the company. Post completion of the transaction, the capital of the company will increase from CNY 100,000,000 to CNY 160,000,000.

The transaction has been approved by the board of directors of Beijing Bayi Space LCD Technology Co., Ltd in the 14th Meeting of the Company's 4th Directorate and does not need the shareholders' approval.