Chengdu Gongbei Intelligent Technology Co., Ltd. has announced a private placement for gross proceeds of CNY 21,100,000 on August 17, 2022. The transaction will include participation from Sichuan Zigong Conveying Machine Group Co., Ltd. The company will issue equity in the transaction. The transaction has been approved at the 9th meeting of the 4th board of directors and the 7th meeting of the 4th board of supervisors.