Huangshan Xinlian Precision Machinery Co., Ltd. announced that it will raise CNY 30,000,000 in an equity funding on January 15, 2024. The transaction will include participation from returning investor, Wuhu Sanlian Forging Co., Ltd. The transaction has been approved at the 17th meeting of the company?s 2nd directorate. Upon the closing, the company's registered capital will increase from CNY 30,000,000 to CNY 60,000,000.