Guangxi Pengyue Ecological Technology Co., Ltd. announced that it will receive CNY 100 million in a round of funding on March 29, 2024. The company will issue common shares in the transaction. The transaction will include participation from returning investors Guizhou Chanhen Chemical Corporation and Guangxi Nanguo Copper Industry Co., Ltd. Post completion of the transaction, there will be no changes in the shareholding percentages of the investors.

The has been approved by the board of directors of Guizhou Chanhen Chemical Corporation in the 39th meeting of the 3rd board of directors. Post completion of the transaction, registered capital will increase from CNY 620 million to CNY 720 million.