Jiangsu Dajin Heavy Industry CO Ltd announced a placement of common shares for gross proceeds of CNY 272,727,273 in a round of funding on August 25, 2023. The transaction will include participation from returning investor, Bestway Marine & Energy Technology Co.,Ltd for CNY 272,727,273. The transaction has been approved at the twenty-fifth meeting of the fifth board of directors of Bestway Marine & Energy Technology Co.,Ltd and does not need to be submitted to the general meeting of shareholders for consideration.

Through the transaction, the company's registered capital will increase from CNY 227,272,727 to CNY 500,000,000.