Sichuan Shengtun Lithium Industry Co., Ltd. announced that it will raise CNY 330,000,000 in an equity round of funding from returning investor Shenzhen Chengxin Lithium Group Co.,Ltd. (SZSE:002240) on November 17, 2020. Post the closing, the registered capital of the company will increase from CNY 220,000,000 to CNY 550,000,000. The investor will retain its 100% stake in the company, post the closing. The transaction has been approved by the board of directors of the investor in its eleventh meeting of the seventh board of directors and does not need to submit it to its shareholder's meeting.