Wuhan First Biotechnology Co., Ltd. announced that it expects to receive CNY 80 million in funding from Ningbo Tianlong Electronics Co., Ltd., Guangdong Baochuang Win-Win Science and Technology Equity Investment Partnership (LP), Hangzhou Fengwo Enterprise Management Partnership (Limited Partnership), Qingdao Tianchuang Quanxin Venture Capital Partnership (Limited Partnership), Shanghai Qiangdong Enterprise Management Partnership (Limited Partnership)
March 22, 2021
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Wuhan First Biotechnology Co., Ltd. announced a private placement of common share for the gross proceeds of CNY 80 million on March 23, 2021. The transaction will include participation from existing investors Ningbo Tianlong Electronics Co., Ltd., Ningbo Meishan Free Trade Port Zone Ruisu Equity Investment Partnership (Limited Partnership), Guangdong Baochuang Win-Win Science and Technology Equity Investment Partnership (Limited Partnership), Hangzhou Fengwo Enterprise Management Partnership (Limited Partnership), Qingdao Tianchuang Quanxin Venture Capital Partnership (Limited Partnership) and Shanghai Qiangdong Enterprise Management Partnership (Limited Partnership). Post completion of transaction, Ningbo Tianlong Electronics Co., Ltd. will hold 3.5714% of the company and registered capital of the company will increase from CNY 2.727413 million to CNY 2.969850 million. The transaction has been approved at the 22nd meeting of the third board of directors.
Ningbo Tianlong Electronics Co., Ltd. is a China-based company and mainly engaged in manufacture and sales of precise plastic parts. In terms of motor vehicles precision plastic parts, the products of the company are functional plastic parts. In terms of plastic parts for electrical appliances, companyâs main products include circuit breaker panels, programmable logic controllers and structures, and among others. In terms of plastic parts of consumer electronics, companyâs main products includes printer stents, gears, mobile phone models, mobile phone shells, mobile phone protection shell casings, camera shells, and among others. The Companyâs products are applied in automotive, electrical appliances, consumer electronics, medical equipments, aviation and other areas of plastic parts production. The Company operates its businesses primary in domestic market.
NINGBO TIANLONG ELECTRONICS CO., LTD. 
