Panzhihua Anning Titanium Material Technology Co., Ltd. announced that it will raise CNY 490 million in an equity round of funding on May 17, 2023. The transaction will include participation from new investor, Panzhihua Huanyu Enterprise Management Partnership Enterprise (Limited Partnership) for CNY 35 million with 7% stake post completion of the transaction and returning investor, Sichuan Anning Iron and Titanium Co.,Ltd. for CNY 455 million with 93% stake post completion of the transaction. The company's registered capital will increase from CNY 10 million to CNY 500 million.

The transaction has been approved by the 31st session of the company's 5th directorate. This transaction still needs to be approved by the company's shareholders.