Sinomach Finance Co., Ltd. announced that it has received CNY 554.7761 million in funding from First Tractor Company Limited
On November 15, 2022, Sinomach Finance Co., Ltd. closed the transaction. The company has completed the procedures for change of business registration and obtained the Business License reissued by Beijing Municipal Administration of Market Supervision. The registered capital of company was changed to CNY 1,750,000,000, of which the Company contributed
CNY 250,000,000, or 14.29%.