Enpack Metal Technology (Yangzhou) Co., Ltd. announced that it will receive CNY 300,000,000 in an equity round of funding on December 22, 2021. The transaction will include participation from returning investor Guangdong Enpack Packaging Co., Ltd. The transaction will be completed in multiple tranches. Post completion of the transaction, the capital of the company will increase from CNY 200,000,000 to CNY 500,000,000 and the stake of Guangdong Enpack Packaging Co., Ltd. in the company will increase from 95% to 98%.

The transaction has been approved by the board of directors of Guangdong Enpack Packaging Co., Ltd. in the 17th meeting of the third board of directors and the 16th meeting of the third board of supervisors and is subject to shareholders approval.