Guizhou Hengda Mining Holdings Co., Ltd announced that it will raise CNY 190 million in an equity round of funding on December 23, 2022. The transaction included participation from returning investors Sunwoda Electronic Co.,Ltd for CNY 93,100,000 for 49% stake and Guizhou Chanhen Chemical Corporation for CNY 96,900,000 for 51% stake. The transaction was approved by board of directors in its twenty-fourth meeting of the third session of the board of directors. After the capital increase, the registered capital of company will increase from CNY 300 million to CNY 490 million. The company entered into capital increase agreement.

On January 17, 2023, the company has completed the industrial and commercial change registration and the Articles of Association filing procedures, and has obtained the Business License renewed by the Fuquan City Market Supervision Administration.