Idemitsu Electronic Materials (China) Co., Ltd. announced that it has signed a purchase agreement to receive CNY 76,398,425 in an equity round of funding on June 5, 2024. The transaction include the participation from new investor Xi'an Manareco New Materials Co.,Ltd., for 20% sake in the company. From the funds raised CNY 21,325,000, will be added to registered capital of the company.

The transaction has been approved in the Xi'an Manareco New Materials Co.,Ltd' s 3rd extraordinary meeting in 2024 of the 3rd board of directors of the Xi'an Manareco New Materials Co.,Ltd' s. The investor shall pay for the capital increase amount after the signing of the agreement. The registered capital of the company will increase from CNY 85,300,000 to CNY 106,625,000.