Guangdong Changhua Auto Parts Co., Ltd. announced a placement of common shares for gross proceeds of CNY 100 million on October 9, 2023. The transaction will include participation from returning investor, Zhejiang Changhua Auto Parts Co., Ltd. The transaction has been approved at the 17th session of the Zhejiang Changhua Auto Parts Co., Ltd.'s 2nd directorate and the 15th session of the company?s 2nd supervisory board. After the capital increase, the company's registered capital will increase from CNY 100 million to CNY 200 million.