Wuxi Nanxing Equipment Co., Ltd. announced that it will receive CNY 50,000,000 in an equity round of funding through capital increase from returning investor Nanxing Machinery Co.,Ltd. to retain 100% stake on August 29, 2022. After the completion of this capital increase, the register capital of company will increase from CNY 100,000,000 to CNY 150,000,000. The transaction has been approved at 12th meeting of the 4th board of directors and no need to submit to general meeting of shareholders for deliberation