Xiangtan Nanmuchong Manganese Industry Co., Ltd. announced that it will receive CNY 15,300,000 in its equity round of funding from Xiangtan Electrochemical Scientific Ltd. (SZSE:002125) on December 22, 2020. Post-closing, the investor will acquire 51% stake. The transaction has been approved by board of directors of investor in its 31st meeting of the seventh board of directors.