Nornico Group Firmaco Shanxi North Machine-Building Co., Ltd. announced that it expects to receive CNY 57.340258 million in funding from Inner Mongolia First Machinery Group Co.,Ltd.

Nornico Group Firmaco Shanxi North Machine-Building Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 57,340,257.80 on October 24, 2022. The transaction included participation from returning investor Inner Mongolia First Machinery Group Co.,Ltd. The transaction has been approved in the 3rd meeting of Inner Mongolia First Machinery Group Co.,Ltd.'s 7th directorate 3rd meeting of the 7th supervisory board.