Sichuan Maigao Auto Parts Co., Ltd. announced that it will receive CNY 130,000,000 in an equity round of funding on June 6, 2018. The transaction will include participation from existing investor, Ningbo Tuopu Group Co., Ltd. (SHSE:601689). The registered capital of the company will increase from CNY 20,000,000 to CNY 150,000,000. The transaction was approved at the 8th meeting of the 3rd directorate meeting of investor.