Zhejiang Jinfei New Material Co., Ltd. announced that it has raised CNY 122 million in an equity funding on January 2, 2024. The transaction included participation from returning investor, Zhejiang Jinfei Kaida Wheel Co.,Ltd. The company's registered capital will increase from CNY 30 million to CNY 152 million. Th company has completed the industrial and commercial change registration works for this capital increase, and obtained the business license issued by the Jinhua Wucheng District Market Supervision and Administration Bureau.

The transaction has been approved at the 6th session of the company?s 5th directorate, 4th session of the company?s 5th supervisory board.