WuHan NanHua Industrial Equipments Engineering Co., Ltd announced that it will issue not more than 5,000,000 share at an issue price of CNY 2.5 per share for gross proceeds of CNY 12,500,000 on March 16, 2022. The transaction will include participation from Bestway Marine & Energy Technology Co.,Ltd. The transaction was approved by the board of directors of the investor at its 14th meeting of the 5th Board of Directors and the 7th meeting of the 5th Board of Supervisors.