Shanghai Hengfeng New Material Technology Co., Ltd. (hereinafter referred to as "Hengfeng New Material") recently completed a Pre-B round of financing worth tens of millions of yuan. This round of financing was led by Yida Capital, with Lingang Digital Technology Fund and Shangyan ShenGong Fund following suit, and existing shareholder Yaotu Capital continuing to invest. Shijing Capital served as the exclusive financial investment advisor. The cumulative amount from the two rounds of financing has exceeded 100 million yuan, which will aid in upgrading the company's product supply system and strategic layout in the electronic-grade specialty phenolic resin and specialty phenolic epoxy resin markets.

Shanghai Hengfeng New Materials Technology Co., Ltd. (hereinafter referred to as "Hengfeng New Materials") recently completed a Series A financing of nearly 100 million yuan, led by Yaotu Capital and Yuanhe Puhua, with follow-up investments from Yonghua Capital, Ruixia Investment, and Shijing Capital serving as financial investment advisors. This round of financing will be used to expand research and development, enhance quality assurance, and upgrade the product supply system