On December 6, Gelonghui reported that luoyang xinqianglian slewing bearing (300850.SZ) announced that the board of directors agreed to terminate the project "R&D Center Construction Project" for raising funds through the issuance of stocks to specific entities in 2021, and the remaining raised funds of 20.6604 million yuan (subject to the actual amount after bank interest calculation on the date of fund transfer) will be permanently added to the working capital for the company's daily production operation and business development.