Chengdu Tuozhan New Material Co.,Ltd announced that it has received CNY 80.575 million in funding from Sichuan Dowell Science and Technology Inc., Shanghai Hengjiu Enterprise Management Partnership (Limited Partnership), and other investors

On August 18, 2021, Chengdu Tuozhan New Material Co.,Ltd closed the transaction. The company has completed the procedures of industrial and commercial change registration. Post-closing of the transaction, the registered capital of the company is CNY 78,300,000.