Guangxi Chuanjinnuo Chemical Co., Ltd. announced that it will receive CNY 275,000,000 in an equity round of funding on January 8, 2021. The transaction will include participation from Fangchenggang Lingyun Enterprise Management Consulting Partnership Enterprise (Limited Partnership), Kunming Lingrong Enterprise Management Consulting Partnership Enterprise (Limited Partnership), and Kunming Chuan Jin Nuo Chemical Co., Ltd. (SZSE:300505) for CNY 250,000,000 to retain their 4.55%, 4.55% and 90.91% stake respectively. After the capital increase, the registered capital of Guangxi Chuanjinnuo increased from CNY 110,000,000 to CNY 385,000,000. The transaction has been approved 4th Meeting of the company’s 4th directorate and the 4th meeting of the 4th supervisory board and is subject to the shareholders’ approval.