Zhengzhou Feilong Auto Components Co., Ltd. announced that it will receive CNY 271,490,000 in an equity round of funding on October 17, 2023. The transaction will include participation from returning investor Feilong Auto Components Co., Ltd. The transaction has been approved by the 4th extraordinary meeting of Feilong Auto Components Co., Ltd.'s 8th directorate and the 4th extraordinary meeting of the Feilong Auto Components Co., Ltd.'s 8th supervisory board and does not need the shareholders? approval.

Out of the total proceeds, CNY 50,000,000 will go to registered capital, and company's registered capital will increase from CNY 50,000,000 to CNY 100,000,000.