Henan Anyang Longdu Electromagnetic New Materials Technology Co., Ltd. announced it will received CNY 22.5182 million in funding on June 5, 2024. The transaction included participation from returning investors, Anyang Iron and Steel Co.,Ltd., Baotou Weifeng New Materials Co., Ltd., and Shenqiu State-owned Investment Group Co., Ltd. After the completion of this capital increase, the registered capital of the company will increased from the original 200 million CNY to 266.23 million CNY, with an additional registered capital of 66.23 million CNY, of which the company's paid-in capital increased from 68 million CNY to 90.5182 million CNY, with an additional capital of 22.5182 million CNY, and the equity ratio remained at 34%; Weifeng Company's paid-in capital increased from 112 million CNY to 149.0888 million CNY, with an additional capital of 37.0888 million CNY, and the equity ratio remained at 56%; Guotou Company's paid-in capital increased from 20 million CNY to 26.623 million CNY, with an additional capital of 6.623 million CNY, and the equity ratio remained at 10%. The capital increase has been reviewed and approved at the company's seventh extraordinary board meeting in 2024 held on June 5, 2024.