Qingdao LS Heavy Machinery Equipment Co., Ltd. announced that it will receive CNY 100 million in an equity round of funding on June 21, 2024. The transaction include the participation from returning investor Lanzhou LS Heavy Equipment Co., Ltd. The company's registered capital is increase from CNY 300 million to CNY 400 million. The company's registered capital is CNY 100 million and CNY 150 million will be added to the capital reserve.

The transaction has been approved at the the 31st meeting of the fifth board of directors of the company.