Sichuan Shengtun Lithium Industry Co., Ltd. announced that it will raise CNY 250,000,000 in equity round of funding from returning investor Shenzhen Chengxin Lithium Group Co., Ltd. on August 19, 2021. The registered capital of the company will increase from CNY 550,000,000 to CNY 800,000,000 and investor will retain its 100% stake in the company post closing. The transaction has been approved by the 25th meeting of the 7th directorate of investor and does not need its shareholder's approval.