Taiyuan Huashengfeng Precious Metal Materials Co., Ltd announced that it will receive CNY 65,000,000 in an equity round of funding on September 22, 2021. The transaction will include participation from returning investor Shanxi Huayang New Material Co.,Ltd., which will retain its 100% stake in the company. Pursuant to the transaction, the registered capital of the company will increase from CNY 35,000,000 to CNY 100,000,000. The transaction has been approved by the board of directors in its 13th Meeting of 2021 of 7th Directorate of the investor and and is subject to the Shareholders’ Approval.