Yifeng County Jiangteng Lithium Industry Co., Ltd. announced that it will receive CNY 20,000,000 in a round of funding on March 24, 2023. The transaction will include participation from returning investor Jiangxi Special Electric Motor Co.,Ltd. The company will issue common shares in the transaction. The transaction is subject to approval of the board of directors and there is no need to submit to the general meeting of shareholders for consideration.

The registered capital of the company is CNY 100,000,000. The capital increase of CNY 20,000,000 is included in capital reserve.