Yibin Tianyuan Lithium Battery New Material Co., Ltd. announced that it will receive CNY 1,180,000,000 in an equity round of funding through capital increase from retuning investor Yibin Tianyuan Group Co., Ltd. to retain 100% stake in the company on March 31, 2023. The transaction has been approved at 30th session of the 8th directorate of Yibin Tianyuan Group Co., Ltd.. After the completion of transaction, the registered capital of company will increase from CNY 100,000,000 to CNY 1,280,000,000.

The transaction is subject to approval from shareholders.