Zhang County Qilianshan Cement Co., Ltd. announced that it will receive CNY 240 million in an equity round of funding on May 16, 2022. The transaction will include participation from returning investor Gansu Qilianshan Cement Group Co., Ltd. Pursuant to the transaction, the registered capital of the company will increase from CNY 324 million to CNY 564 million. The transaction has been approved in the 2nd session of the company's 9th directorate of the investor and is need to approved in 1st special shareholders' meeting for 2022 of the investor.