Qinghai Copper Industry Co., Ltd. announced that it will receive CNY 700,000,000 in an equity round of funding on April 19, 2023. The transaction will include participation from existing investor, Western Mining Co.,Ltd. to retain its 100% stake in the company. Post-closing, the registered capital of the company will increase from CNY 2,000,000,000 to CNY 2,700,000,000.

The transaction has been approved at the twenty-fourth meeting of the seventh session of the board of directors of its parent, Western Mining Co.,Ltd and does not need to be submitted to its general meeting of shareholders for consideration.