Nanning Nanji Environmental Protection Technology Co., Ltd announced that it will receive CNY 31,000,000 in equity round of funding from Wuhan Huazhong Numerical Control System, Inc. on December 27, 2021. The company will issue common shares in the transaction. Post the closing of the transaction, the registered capital of the transaction will increase from CNY 30,000,000 to CNY 61,000,000 and the investor will hold 50.82% stake in the company.

The company expects to close the transaction before January 20, 2022. The transaction was approved in the 27th Meeting of the investor's 11th Directorate.