Jiangxi Zhenguan Environmental Protection Degradable New Materials Co., Ltd announced that it will raise CNY 367.9545 million in an equity funding on May 24, 2024. The transaction will include participation from returning investor, Shanghai Yongguan Adhesive Products Corp., Ltd. The transaction has been approved at the 11th meeting of the 4th board of directors and the 8th meeting of the 4th board of supervisors. Out of the total capital increase, CNY 73.5909 million will be added to the registered capital, and the remaining CNY 294.3636 million will be added to the capital reserve.

After completion of the capital increase, the registered capital will increase from CNY 50 million to CNY 123.5909 million.