Based on the information from the Aiqicha App, Hefei Gangyan Rare Earth Permanent Magnet Materials Research Institute Co., Ltd has recently finalized its industrial and commercial registration modifications. Notably, Advanced Technology & Materials Co., Ltd and General Research Institute for Ferrous Metallurgy Co., Ltd have been inducted as new shareholders. Concurrently, the company's registered capital has surged from 2 million yuan to 5 million yuan. Additionally, there have been changes in both the legal representative and the senior management team.

Founded in September 2023, Hefei Gangyan's business scope encompasses a wide array of activities, including the research and development of cutting-edge material technologies, electronic specialty material R&D, motor and its control system R&D, as well as the promotion of new material technologies. Presently, the company is a joint venture between Anhui Earth-Panda Advanced Magnetic Material Co., Ltd and the aforementioned newly inducted shareholders.