Tianjin Pacific Transmission Technology Co., Ltd. announced that it will receive CNY 200,000,000 in an equity round of funding on November 27, 2021. The transaction will include participation from returning investor, Jiangsu Pacific Precision Forging Co., Ltd. to maintain its 100% stake in the company. Post the closing, the registered capital will increase to CNY 50,000,000.

The transaction has been approved at the fourth meeting of the fourth board of directors of the investor.