Hangzhou Haoyue New Materials Co., Ltd. announced that it will raise CNY 25,000,000 in an equity funding on April 11, 2024. The transaction will include participation from returning investor, Hangzhou Haoyue Personal Care Co., Ltd. After the capital increase, the company's registered capital will increase from CNY 5,000,000 to CNY 30,000,000. The transaction has been approved at the 6th meeting of the 3rd directorate.