Changrong Huaxin Financial Leasing Co., Ltd. announced that it will receive $20 million in an equity round of funding on May 25, 2022. The transaction will include participation from returning investors Masterwork Machinery (H.K.) Limited for $6,000,000, Masterwork Group Co., Ltd. for $9,332,500 and Tianjin Shengchuang Investment Co., Ltd. for $4,667,500. Pursuant to the transaction, the registered capital of the company will increase from $30,000,000 to $50,000,000.

The transaction has been approved in the 26th meeting of the Masterwork Group Co., Ltd. 5th Directorate and is subject to the shareholders' approval.