Qingdao Engley Auto Parts Co., Ltd. announced that it will receive CNY 75 million on December 12, 2022. The transaction includes participation from returning investor, Changchun Engley Automobile Industry Co.,Ltd. to retain its 100% stake in the company. The registered capital of the company increased from CNY 179.76 million to CNY 254.67 million.

The transaction has been approved at the eleventh meeting of the fourth board of directors and eleventh meeting of the second board of supervisors of the investor and does not need to be submitted to shareholders meeting for deliberation.