Beijing Shunyi Industrial Investment Fund Management Co., Ltd. announced that it will receive CNY 30,000,000 in an equity round of funding on November 18, 2016. The transaction will include participation from existing investors, Jangho Group Co., Ltd. (SHSE:601886) and Liu Zhongyue for CNY 9,000,000 and CNY 7,500,000 and new investor, Beijing Oriental Yuhong Waterproof Technology Co., Ltd. for CNY 13,500,000. On closing, the registered capital of the company will increase from CNY 60,000,000 to CNY 90,000,000.

The investors will acquire 33.333333% stake in the increased capital of the company. The investors will each acquire 10%, 8.333333%, and 15% in the company. On closing, Jangho Group Co., Ltd.'s stake in the company will increase from 20% to 30% and Liu Zhongyue's stake will increase from 10% to 15%.

The transaction was approved at the 9th meeting of the 4th directorate of Jangho Group Co., Ltd. (SHSE:601886) and is not subject to approval from its shareholders.