Lanzhou LS Super Alloy New Materials Co., Ltd. announced that it will receive CNY 175,584,100 in an equity round of funding on June 21, 2024. The transaction include the participation from returning investor Lanzhou LS Heavy Equipment Co., Ltd, hold 100% stake in the company. The company's registered capital is increase from CNY 200,000,000 to CNY 220,000,000.

The company's registered capital is CNY 20,000,000 and CNY 155,584,100 is included in the capital reserve. The transaction has been approved at the 31st meeting of the fifth board of directors of the company.