Tibet Boli Building New Material Technology Co., Ltd. announced that it will receive CNY 100,000,000 in equity round of funding on May 31, 2021. The transaction will include participation from existing investor XiNing Special Steel Co., Ltd. to retain its 100% stake. Upon closing, the registered capital of the company will increase from CNY 100,000,000 to CNY 200,000,000.

The transaction has been reviewed and approved in the twenty-fourth meeting of the eighth board of directors.