Ningbo Tuopu Automobile Electronics Co., Ltd. announced that it will receive CNY 500,000,000 in a round of funding from returning investor Ningbo Tuopu Group Co., Ltd. (SHSE:601689) on June 3, 2019. The company will issue common shares in the transaction. Post transaction, the company's registered capital will increase to CNY 1,500,000,000. Post transaction, the investor will continue to hold 100% stake in the company. The transaction has been approved at the 15th meeting of the 3rd directorate of the investor.