Shandong EMT New Materials Co., Ltd. announced that it will receive CNY 154,000,000 in an equity round of funding on October 17, 2023. The transaction will include participation from returning investors Sichuan Em Technology Co., Ltd. for CNY 111,650,000, Shandong Laiwu Runda New Material Co., Ltd. for CNY 26,950,000, Hainan EMT Rundong Enterprise Management Partnership Enterprise (Limited Partnership) for CNY 7,700,000 and Mr. Li Changbin for CNY 7,700,000. The company will raise CNY 140,000,000 for registered capital and CNY 14,000,000 for capital surplus.

The transaction was approved by the board of directors of the company at its 7th meeting of the 6th board of directors and the 6th meeting of the 6th board of supervisors.