Shandong Province New and Old Kinetic Energy Transformation, Supply and Marketing Venture Capital Pa announced that it will receive an equity round of funding on August 26, 2020. The transaction will include participation from Shandong Swan CottonIndustrial Machinery Stock Co.,Ltd. (SHSE:603029). The transaction has been approved by 19th session of the 5th directorate meeting of Shandong Swan CottonIndustrial Machinery Stock Co.,Ltd. (SHSE:603029). The transaction is subject to approval from 2nd special Shareholders' Meeting of 2020 of Shandong Swan CottonIndustrial Machinery Stock Co.,Ltd. (SHSE:603029) to be held on September 14, 2020.