Pangang Group Titanium Industry Co., Ltd. announced that it will receive CNY 1,193,000,000 in a round of funding on July 26, 2023. The transaction will include participation from returning investor Pangang Group Vanadium & Titanium Resources Co., Ltd. for CNY 1,193,000,000. The company will issue common shares in the transaction.

The registered capital of the company will increase from CNY 3,600,000,000 to CNY 4,793,000,000. This has been approved in the eighth meeting of the ninth board of directors on July 26, 2023.