Tianjin Lizhong Wheel Industry Group Co., Ltd. announced that it will receive CNY 753,000,000 in an equity round of funding on September 15, 2023. The transaction will include participation from returning investor Lizhong Sitong Light Alloys Group Co., Ltd. to retain the majority stake in the company. This has been approved in the 7th meeting of the 5th board of directors and the 7th meeting of the 5th board of supervisors.