Nanjing Jinlan Special Material Technology Co., Ltd. announced that it will receive CNY 300 million in an equity round of funding on April 29, 2022. The transaction will include participation from returning investor Nanjing Iron & Steel Co., Ltd. to retain 100% stake in the company. The transaction has been approved by the 18th session of the 8th directorate of the parent, Nanjing Iron & Steel Co., Ltd. After the completion of the transaction, the registered capital of the company will increase from CNY 100 million to CNY 400 million.