Qingdao Decai Hi-Tech New Materials Co., Ltd announced that it will receive of CNY 154,003,100 in an equity round of funding on August 26, 2021. The transaction will include participation from existing investor Decai Decoration CO.,LTD which will retain its 100% stake in the company. Out of the amount, CNY 150,000,000 was added to the registered capital, and 4,031,000 was entered into the capital reserve. After the capital increase, the registered capital of the company increased from CNY 50,000,000 to CNY 200,000,000. The transaction has been approved by the ninth meeting of the third board of directors of Decai Decoration CO.,LTD