Zhangjiagang Furui Heavy Equipment Co., Ltd. announced that it will receive CNY 40,000,000 in an equity round of funding on May 27, 2022. The transaction will include participation from returning investor Zhangjiagang Furui Special Equipment Co., Ltd. to retain its 100% stake in the company. The transaction was approved in the the 30th session of the investor's 5th directorate and the 21st session of the investor's 5th supervisory board.

The transaction is subject to the approval of investor's shareholders' meeting.