Do-Fluoride Yangfu New Materials Co., Ltd announced that it will raise CNY 275,804,900 in an equity round of funding on February 11, 2022. The transaction includes participation form new investor Enchem Co., Ltd. The investor will subscribe to company's newly added registered capital of CNY 44,396,300 for CNY 275,804,900 to obtain 15% stake in the company. The remaining CNY 231,408,600 will be added as capital reserve.

After, completion of the transaction registered capital of the company will increase from CNY 251,578,900 to CNY 295,975,200. Within 10 working days after the agreement signing, the investor will deposit CNY100 million in company's account. Within 10 working days after the completion of the registration modification, the investor will deposit CNY 175,804,900 to the company's account.