Panzhihua Anning Titanium Material Technology Co., Ltd. announced that it will raise CNY 1,700,000,000 in an equity funding on January 13, 2024. The transaction will include participation from returning investor, Sichuan Anning Iron and Titanium Co.,Ltd. and increase its stake from 93% to 98.41%. The transaction has been approved at the 1st special meeting of independent directors of the 6th Board of Directors.

Upon the completion of capital increase, the company's registered capital will increase from CNY 500,000,000 to CNY 2,200,000,000.