Suining Shengxin Lithium Industry Co., Ltd. agreed to receive CNY 200 million in funding on December 29, 2020. The transaction will include funding from existing Shenzhen Chengxin Lithium Group Co.,Ltd. (SZSE:002240) which will invest CNY 120 million and reduce its holding to 68% and new investor Suining Shengxin Equity Investment Center (Limited Partnership) which will invest CNY 80 million and hold 32% stake. The company will sign capital increase and share expansion agreement. The registered capital of the company will increase from CNY 50 million to CNY 250 million.