Yongdeng Qilianshan Cement Co., Ltd. announced that it will receive CNY 290,000,000 in an equity round of funding from returning investor Gansu Qilianshan Cement Group Co., Ltd. on May 16, 2022. The transaction was approved by the board of directors of the investor at its 2nd session of the company's 9th directorate and is subject to 1st special shareholders' meeting for 2022. Post to the closing of the transaction, the registered capital of the company will increase from CNY 520,095,700 to CNY 810,095,700