Jiangsu Duolun Vehicle Inspection Industry Holding Co., Ltd announced that it will receive CNY 250,000,000 in an equity round of funding on December 11, 2019. The transaction will include participation from returning investor DuoLun Technology Corporation Ltd. (SHSE:603528). Post capital increase, the registered capital of the company will increase from CNY 50,000,000 to CNY 300,000,000 and the investor will retain 100% stake in the company. The transaction has been approved by the board of directors of the company in the 21st meeting of the 3rd directorate.