Sichuan Honglin Mining Co., Ltd. announced that it has received CNY 300 million in funding from Shengda Resources Co.,Ltd., Chengdu Maise Technology Partnership Enterprise (L.P.), Chengdu Jiadian Mining Partnership Enterprise (L.P.)

On December 4, 2023, Sichuan Honglin Mining Co., Ltd. closed the transaction. The transaction included participation from new investors, Shengda Resources Co.,Ltd. for CNY 133,582,553 in the registered capital, Chengdu Maise Technology Partnership Enterprise (L.P.) for CNY 56,300,000 in the registered capital, Chengdu Jiadian Mining Partnership Enterprise (L.P.) for CNY 30,295,800 in the registered capital, and individual investors, Chen Wenlin for CNY 23,404,200 in the registered capital, Chen Lin for CNY 4,230,000 in the registered capital, Li Dechang for CNY 4,230,000 in the registered capital.