Huangshan Xinlian Precision Machinery Co.,Ltd announced that it has received CNY 20 million in round of funding on May 25, 2023. The transaction included the participation from new investor Wuhu Sanlian Forging Co., Ltd. The transaction has been approved in the 12th session of the company?s 2nd directorate. After capital increase, the company will increase from CNY10 million to CNY30 million.