AVIC Special Materials Industry (Xian) Co., Ltd. announced that it will receive CNY 150,000,000 in an equity round of funding on March 25, 2015. The transaction will include participation from existing investor, Fushun Special Steel Shares Co., Ltd. for CNY 3,641,200. The transaction will also include participation from other existing shareholders based on their holding ratios in the company.

On closing, Fushun Special Steel Shares Co., Ltd. will hold 2.43% stake in the company. The transaction was approved at the 16th session of the 5th directorate of Fushun Special Steel Shares Co., Ltd.