Suzhou Fangzheng Engineering Technology Development Testing Co., Ltd announced that it will receive CNY 18,000,000 in a round of funding from returning investor ZYF Lopsking Aluminum Co., Ltd. on March 4, 2022. The company will issue common shares in the transaction. Post the closing of the transaction, the registered capital of the company will increase from CNY 12,000,000 to CNY 30,000,000 and the investor will continue to 100% stake in the company.

The transaction was approved in the twenty-eighth extraordinary meeting of the fifth board of directors of the investor.