m-tec mathis (China) Technology Co., Ltd. announced that it will receive CNY 245.05 million in funding on August 17, 2021. The transaction will include participation from existing investor Zoomlion Heavy Industry Science and Technology Co., Ltd. which plans to invest CNY 152.1625 million to subscribe for the newly added registered capital of CNY 58.75 million; investor's management's team plans to invest CNY 37.555 million and the subscription for newly added registered capital of CNY 14.50 million; and the company's management team to invest CNY 56.3325 million, and the subscription of newly-increased registered capital of CNY 21.75 million. They will hold 75%, 10% and 15% equity in the company after this capital increase.

The registered capital of the company will increase from CNY 50 million to CNY 145 million. The seventh extraordinary meeting of the sixth board of directors of the Zoomlion Heavy Industry Science and Technology Co., Ltd. approved the transaction.