Jiangsu Changling Precision Machinery Manufacturing Co., Ltd. announced that it will receive CNY 270,000,000 in equity round of funding on November 12, 2021. The transaction will include participation from existing investor Jiangsu Changling Hydraulic Co., Ltd to retain its 100% stake. Upon closing, the registered capital of the company will increase from CNY 270,000,000 to CNY 280,000,000.

The transaction has been approved in the fourth meeting of the second board of directors of the company and the fourth meeting of the second board of supervisors of investor. The transaction is subject to approval from the shareholders in the fifth extraordinary general meeting of the investor.