Supezet (Jingjiang) Equipment Manufacturing Co., Ltd. announced that it will issue common stock for gross proceeds of CNY 259,500,000 on December 10, 2021. The capital of CNY 10,000,000 will be used as the registered capital, and the remaining CNY 249,500,000 in the capital reserve. After the capital increase is completed, the registered capital of the company will be increased from CNY 118,000,000 to CNY 128,000,000. The transaction will include participation from returning investor, Shanghai Supezet Engineering Technology Corp., Ltd. to retain 100% stake in the company. The transaction has been approved at the 17th meeting of the 2nd board of directors and the 8th meeting of the 2nd board of supervisors. On December 27, 2021, the company announced that the transaction was approved by the investor in its eighteenth meeting of the second board of directors and the ninth meeting of the second board.