Kunshan Liantao Electronics Co., Ltd. announced that it will receive CNY 404,461,500 in an equity round of funding from existing investor Luxshare Precision Industry Co., Ltd. on August 9, 2016. On closing, the investor will retain its 100% stake in the company. The transaction has been approved at the 11th meeting of the 3rd directorate of Luxshare Precision Industry Co., Ltd. The transaction does not require the approval of the shareholders of Luxshare Precision Industry Co., Ltd. The company reported total assets of CNY 2,842,460,200, total liabilities of CNY 1,503,586,500, net assets of CNY 1,208,550,400, revenues of CNY 3,080,792,700, and net profit of CNY 380,323,300 for the year ended December 31, 2015.