Hubei Xinyi Chemical Co., Ltd. announced that it will receive CNY 1,569,483,002.79 in an equity round of funding on July 24, 2023. The transaction will include participation from returning investor Hubei Yihua Chemical Industry Co., Ltd.. The company will include CNY 1,500,000,000 in registered capital and CNY 69,483,002.79 in capital reserve.

The transaction has been approved by the board of directors of Hubei Yihua Chemical Industry Co., Ltd. in the 23rd Meeting of the 10th Directorate and the 15th Meeting of the 10th Supervisory Board.