Nanjing Zhidao Machinery Manufacturing Co., Ltd. announced that it will receive CNY 80,000,000 in equity round of funding on June 22, 2022. The transaction will include participation from returning investor Nanjing Toua Hardware&Tools Co.,Ltd., to retain 100% stake. After the completion of the transaction the registered capital of the company will increase from CNY 73,229,100 to CNY 153,229,100 and the paid-in capital will be increase from CNY 73,229,100 to CNY 153,229,100.

The transaction has been approved in the eighteenth meeting of the first board of directors and the tenth meeting of the first board of supervisor.