Zibo Decai Urban Transport Construction Development Co., Ltd. announced that it will receive CNY 80 million in an equity round of funding on March 3, 2022. The transaction will include participation from returning investor, Zibo Decai Urban Transport Investment Holding Co., Ltd. to retain its 100% stake in the company. Upon closing, the registered capital of the company will increase from CNY 20 million to CNY 10 million.

The transaction has been approved at the twelfth meeting of the third board of directors of the investor.