Fujian Jiaxin Metal Technology Co., Ltd announced a private placement of CNY 105,000,000 on April 27, 2023. The transaction will include participation from new investor Ningbo Fangzheng Automobile Mould Co.,Ltd. for CNY 105,000,000. The company will issue common shares in the transaction.

This has been approved in the 27th meeting of the second board of directors, and the 2022 annual general meeting of shareholders.