Zhongzhuang Supply Chain Management Co., Ltd announced that it will receive CNY 450,000,000 in an equity round of funding on June 2, 2018. The transaction will include participation from Qingdao Kingking Applied Chemistry Co., Ltd. (SZSE:002094) to maintain its 100% stake in the company. Post the closing, the registered capital of the company will increase from CNY 50 million to CNY 500 million. The transaction has been approved in the 32nd extraordinary meeting of the investor's 6th directorate and is not subject to approval from its shareholder's.