Tianjin Yunhai Precision Manufacturing Co., Ltd. announced that it will receive CNY 48,000,000 in an equity round of funding on August 18, 2022. The transaction will include participation from returning investor Nanjing Yunhai Special Metals Co., Ltd., which will retain its 100% stake in the company. The transaction has been approved by the board of directors of the investor in its Ninth Meeting of the Sixth Board of Directors.

This does not need to be reviewed and approved by the general meeting of shareholders. Pursuant to the transaction, the registered capital of the company will increase from CNY 48,000,000 to CNY 96,000,000.