Wuhan Changhua Changyuan Auto Parts Co., Ltd. announced a placement of common shares for gross proceeds of CNY 194.20 million on October 9, 2023. The transaction will include participation from returning investor, Changhua Holding Group 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 85.80 million to CNY 280 million.