Ningbo Hailan Research Institute Engineering Co., Ltd. announced that it will receive CNY 86,000,000 in an equity round of funding from returning investor Ningbo Orient Wires & Cables Co.,Ltd. (SHSE:603606) on September 17, 2019. Post transaction, the registered capital of the company will increase from CNY 20,000,000 to CNY 106,000,000, and the investor will continue to hold 100% stake in the company. The transaction has been approved in the 1st meeting of the 5th directorate of the investor.