Linggang Group Beipiao Baoguo Iron Mine Co., Ltd. announced that it will receive CNY 300,000,000 in an equity round of funding on August 29, 2021. The transaction will involve participation from returning investor Lingyuan Iron & Steel Co., Ltd. to continue to retain its 100% stake in the company. The entire amount will go towards the registered capital of the company. The transaction has been reviewed and approved in the eighth meeting of the eighth session of the company’s board of directors. The transaction is still needs to be reviewed by the shareholders meeting.