Tangshan Oriental Yuhong Waterproof Technology Co., Ltd. announced that it will receive gross proceeds of CNY 150,000,000 in its equity round of funding from existing investor Beijing Oriental Yuhong Waterproof Technology Co., Ltd. (SZSE:002271) on December 20, 2018. On closing of the transaction, company's registered capital will increase from CNY 150,000,000 to CNY 300,000,000 and the investor will retain its stake of 100% in the company. The transaction has been approved at the 52nd session of 6th directorate of the investor.