Guangxi Huayi New Materials Co., Ltd. announced that it has raised CNY 596,680,000 on April 30, 2024. The transaction included participation from returning investors, Shanghai Huayi Group Corporation Limited for CNY 358,010,000, Shanghai Huayi Holdings Group Co., Ltd. for CNY 238,670,000. The transaction has been approved by the 28th meeting of the 10th Board of Directors of the Company.