Hun Hunan Liangang Steel Processing and Distribution Co., Ltd. announced that it will receive CNY 180 million in a round of funding on March 25, 2022. The transaction will include participation from returning investor Hunan Valin Steel Co., Ltd. After the closing, the registered capital of the company will increase from CNY 20 million to CNY 200 million. The transaction has been reviewed and approved at the second meeting of the eighth board of directors of the company, and does not need to be submitted to the company's general meeting of shareholders for review and approval.