Harbin Well Welding Co., Ltd. announced that it will receive CNY 100 million in an equity round of funding on April 22, 2022. The transaction will include participation from existing investor HIT Welding Industry Co., Ltd to retain its 100% stake. Pursuant to the transaction, the registered capital of the company will increase from CNY 51,000,000 to CNY 151,000,000.

The transaction has been approved at the 21st meeting of the 3rd Board of Directors and the 13th meeting of the 3rd Board of Supervisors of company's parent.