Hunan Dazhonghe Mining Co., Ltd. announced that it has raised CNY 520 million in an equity round of funding on November 13, 2022. The transaction will include participation from returning investor, Inner Mongolia Dazhong Mining Co., Ltd. The transaction has been approved in the 22nd Meeting of the Company's 5th Directorate and does not need the Shareholders' Approval. The registered capital of the company will increase from CNY 480,000,000 to CNY 1,000,000,000.