Tongling Nonferrous Metals Group Finance Co., Ltd. announced that it will receive CNY 300,000,000 in a round of funding on August 2, 2021. The company will issue common shares in the transaction. The transaction will include participation from existing investors TongLing Nonferrous Metals Group Holding Co., Ltd. for CNY 210,000,000 to retain its 70% stake and Tongling Nonferrous Metals Group Co., Ltd. for CNY 90,000,000 to retain its 30% stake.

Post closing the registered capital will increase from CNY 800,000,000 to CNY 1,100,000,000. The transaction has been approved by 15th meeting of the Ninth Session of Tongling Nonferrous Metals Group Co., Ltd's Board of Directors and does not need its shareholder's approval.