Shanxi Longxing New Materials Technology Development Co., Ltd. announced that it has raised CNY 500,000,000 from returning investor Longxing Chemical Stock Co., Ltd. on March 14, 2024. The transaction has been approved in 4th extraordinary meeting of the 6th board of directors in 2024 and the 3rd extraordinary meeting of the 6th board of supervisors in 2024 of Longxing Chemical Stock Co., Ltd. The company?s registered capital will be changed to CNY 550,000,000.