Dazhong Mining announced that the company previously disclosed that it plans to increase the capital of its wholly-owned subsidiary Hunan Dazhonghe Lithium Mine Co., Ltd. by 1 billion yuan through debt-for-equity swaps. After the capital increase is completed, the registered capital of Hunan Dazhonghe will increase from 1 billion yuan to 2 billion yuan. Recently, Hunan Dazhonghe completed the industrial and commercial registration change of registered capital and received a “business license” issued by the Linwu County Market Supervision Administration. The registered capital is 200 billion yuan.

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