Suzhou Huayi new energy technology co., LTD. announced that it would receive CNY 27,307,000 in an equity round of funding on September 8, 2020. The transaction will include participation from Liaoning Oxiranchem,Inc. to hold 35% of the company. The transaction has been approved in the 9th meeting of the 5th directorate and does not need the investors shareholders’ approval.