Tongling Lvyang Building Materials Co., Ltd. announced that it will receive CNY 20,000,000 in an equity round of funding on February 6, 2024. The transaction will include participation from returning investor Anhui Liuguo Chemical Co., Ltd. for CNY 20,000,000 to retain the majority stake in the company. This has been approved in the 15th meeting of the 8th board of directors in the investo's company.

The registered capital of the company is CNY 41,399,842. The registered capital of the company will increase from CNY 41,399,842 to CNY 61,399,842. This is within the authority of the board of directors and does not need to be submitted to the shareholders' meeting for review and approval.