Baotou Yunshengqiang Magnetic Materials Co., Ltd. announced that it will receive CNY 400,000,000 in an equity round of funding on August 10, 2021. The transaction includes participation from returning investor, Ningbo Yunsheng Co., Ltd. to retain 92.94% stake for CNY 371,760,000 and Ningbo Yunsheng Strong Magnet Material Co., Ltd to retain 7.06% stake for CNY 28,240,000.The registered capital of the company will increase from CNY 170,000,000 to CNY 570,000,000. The transaction has been approved by board of directors of Ningbo Yunsheng Co., Ltd. in its second meeting of tenth board of directors