Ji'nan First Machine Tool Company Ltd. announced that it will receive CNY 100,000,000 in an equity round of funding on April 20, 2024. The transaction will include participation from returning investor, Shandong Weida Machinery Co., Ltd. The capital increase will be included in the registered capital. After the capital increase is completed, the registered capital of company will be changed from CNY 600,000,000 to CNY 700,000,000, and it will still be a wholly owned subsidiary of the investor.

The transaction has been reviewed and approved at the 17th meeting of the 9th board of directors of investor.