Cangzhou Jianxin Ruixiang Chemical Technology Co., Ltd. announced that it will receive CNY 100 million in a round of funding on April 13, 2023. The transaction will include participation from returning investor, Hebei Jianxin Chemical Co., Ltd. The company will issue common shares in the transaction. The transaction has been approved by the 23rd meeting of the fifth board of directors.

After the capital increase, the registered capital of company will increase from CNY 150 million to CNY 250 million.