Ningbo Yunsheng Special Metal Material Co., Ltd. announced that it will receive CNY 250,000,000 in an equity round of funding on August 10, 2021.The transaction will include participation from existing investors Ningbo Yunsheng Investment Co., Ltd. for CNY 25 million of registered capital and Ningbo Yunsheng Co., Ltd. for CNY 225 million of registered capital. Post completion of transaction, the registered capital of the company will increase from CNY 180 million to CNY 430 million and Ningbo Yunsheng Co., Ltd. will retain 90% stakes and Ningbo Yunsheng Investment Co., Ltd. will retain 10% stakes in the company. The transaction has been approved at second meeting of Ningbo Yunsheng Co., Ltd.'

tenth board of directors.