Ningbo Tuopu Vibro-Acoustics Technology Co., Ltd. announced that it will receive CNY 180,000,000 in an equity round of funding on April 18, 2017. The transaction will include participation from existing investor, Ningbo Tuopu Group Co., Ltd. (SHSE:601689). Post transaction, the investor will retain 100% stake in the company. The registered capital of the company will increase from CNY 20,000,000 to CNY 200,000,000. The transaction was approved at the 30th session of the 2nd directorate meeting of the investor and is further subject to its shareholders’ meeting approval.