Xinjiang Swan Modern Agricultural Machinery Equipment Co., Ltd. announced that it will raise CNY 86,000,000 in an equity round of funding on July 18, 2023. The transaction will include participation from returning investor, Shandong Swan CottonIndustrial Machinery Stock Co.,Ltd. The company's capital will increase from CNY 14,000,000 to CNY 100,000,000. The transaction has been approved by the 18th meeting of the 6th directorate and the 15th meeting of the 6th supervisory board.