Chongqing Dexin Robot Inspection Center Co., Ltd. announced that it will receive CNY 100,000,000 in an equity round of funding on December 31, 2019. The transaction will include participation from returning investor China Automotive Engineering Research Institute Co., Ltd. (SHSE:601965) for CNY 67,900,000, and new investor Beijing Machine Tool Research Institute Co., Ltd for CNY 32,100,000 for 16.05% stake in the company. Post transaction, the registered capital of the company will increase from CNY 100,000,000 to CNY 200,000,000, and China Automotive Engineering Research Institute Co., Ltd. (SHSE:601965)'s stake in the company will increase from 57.30% to 62.60%. The transaction has been approved in the 22nd session of the 3rd directorate of China Automotive Engineering Research Institute Co., Ltd. (SHSE:601965), and is not subject to approval from its shareholders. Within 10 days after the signing of the agreement, China Automotive Engineering Research Institute Co., Ltd. (SHSE:601965) and Beijing Machine Tool Research Institute Co., Ltd must complete the investment of CNY 42,300,000 and CNY 20,000,000 respectively, and the remaining investment of CNY 25,600,000 and CNY 12,100,000 must be completed before July 31, 2020, respectively.