Qingding Precision Electronics (Huai'an) Co., Ltd. announced that it will receive CNY 450 million in an equity round of funding from returning investor Avary Holding (Shenzhen) Co., Limited (SZSE:002938) on October 30, 2020. The investor will retain its 100% stake in the company. The transaction was approved by board of directors of the company of the investor at second board of directors and the third meeting of the second board of supervisors.