Gansu Mogao Juhe Environmental Protection New Material Technology Co., Ltd. announced that it will receive CNY 50,000,000 in an equity round of funding from returning investor, Gansu Mogao Industrial Development CO.,LTD. on August 26, 2021. The transaction has been approved in the twelfth meeting of the ninth board of directors of the investor and it does not need to be submitted to investors general meeting of shareholders for deliberation. Post-closing of the transaction, the investor will retain 100% stake in the company and registered capital of the company will increase from CNY 150,000,000 to CNY 200,000,000.