Rianlon (Inner Mongolia) New Materials Technology Co., Ltd. announced that it will raise CNY 90,000,000 on May 25, 2023. The company will issue common shares in the transaction. The transaction will include participation from returning investor Rianlon Corporation.

The registered capital will increase from CNY 111,170,000 to CNY 201,170,000. Post-completion of the transaction Rianlon Corporation will increase it's stake from 38.95% to 53.74% in the company. The transaction did not need the approvals of the Company?s Directorate and Shareholders.