Lomon Billions acquires fund stake, subsidiary fined after fatal accident

Lomon Billions Group will acquire a stake in Henan Aerospace Industry Investment Fund Partnership (Limited Partnership) for CNY 0, committing to a recognized capital contribution of CNY 100 million. This strategic move, approved on November 23, 2025, aims to optimize resource allocation, expand downstream product applications, and enhance the company's overall competitive strength. The fund focuses on equity investments in unlisted enterprises, particularly in rockets, satellite materials, and aerospace supply chain projects.

Concurrently, Lomon Billions Group’s wholly-owned subsidiary, Lomon Billions Xiangyang Titanium Industry Co., Ltd., received an administrative penalty from the Xiangyang Emergency Management Bureau. The penalty stems from a flash explosion accident on September 2, 2025, which resulted in five fatalities, one injury, and direct economic losses of CNY 6.4816 million.

The accident, attributed to improper command and illegal operations, led to a fine of CNY 1.49 million for Lomon Billions Xiangyang Titanium Industry Co., Ltd. The company plans to pay the fine promptly and has initiated a thorough safety review and rectification process.