Tianjin Oriental Yuhong Waterproof Engineering Co., Ltd. announced that it will receive CNY 45,000,000 in an equity round of funding from existing investor, Beijing Oriental Yuhong Waterproof Technology Co.,Ltd. on May 19, 2016. Upon completion of the transaction; the company’s registered capital will increase from CNY 5,000,000 to CNY 50,000,000. The transaction has been approved in the 38th meeting of the 5th directorate of Beijing Oriental Yuhong Waterproof Technology Co.,Ltd. Upon completion of the transaction; the investor will retain 100% stake in the company. The transaction does not require shareholder's approval of the investor. The company reported total assets of CNY 55,436,000, total liabilities of CNY 60,198,900, net assets of CNY -4,762,900, revenue of CNY 28,920,400, and net loss of CNY 2,947,100 for the year ended December 31, 2015.