Shenzhen Small and Medium Enterprise Investment Management Co., Ltd. announced that it will receive CNY 89,760,000 in an equity round of funding from new investor, Shenzhen Rainbow Fine Chemical Industry Co., Ltd. on January 20, 2014. The investor will acquire 9.4162% stake in the company through this transaction. The investor will inject CNY 88,000,000 of the proceeds into the registered capital of the company and CNY 1,760,000 of the proceeds into the capital reserve of the company.

The registered capital of the company will increase from CNY 846,560,000 to CNY 934,560,000 upon completion of the transaction. On the same date, the transaction was approved at the 12th session of the 3rd directorate of Shenzhen Rainbow Fine Chemical Industry Co., Ltd. The company reported total assets of CNY 216,502,381.49 and net asset of CNY 215,151,483.12 for the year ended December 31, 2013.