Qinghai JuZhiyuan New Materials Co., Ltd. announced that it will receive no more than CNY 610 million in equity round of funding on February 20, 2022. The transaction will include participation from new investor TianYu Eco-Environment Co., Ltd., for 51% stake, upon completion. The transaction was approved by the board of directors of the company at its 39th meeting of the 3rd directorate.