Baiyin Hengcheng Machinery Manufacturing Co., Ltd. announced that it will receive CNY 44 million in an equity round of funding through capital increase from retuning investor Baiyin Nonferrous Group Co., Ltd. (SHSE:601212) on August 30, 2022. The transaction has been approved at the 40th meeting of the fourth board of directors. After the capital increase, registered capital of company will be increased from CNY 6 million to CNY 50 million.