Ningxia Oriental Superconducting Technology Co., Ltd. announced that it will receive CNY 50.1065 million in equity round of funding on February 28, 2024. The transaction include the participation from returning investor Ningxia Orient Tantalum Industry Co., Ltd., hold 86.34% stake in the company. The company's registered capital is increase from CNY 10,927,273 to CNY 25,082,583.36.

The transaction has been approved at the 8th session of the company?s 9th directorate and the 5th session of the company?s 9th supervisory board approved.