Wuhan Tuopu Maigao Auto Parts Co., Ltd. announced that it will receive CNY 100 million in equity funding from returning investor, Ningbo Tuopu Group Co., Ltd. (SHSE:601689) on October 23, 2018. On closing, the registered capital of the company will increase from CNY 50,000,000 to CNY 150,000,000. On closing, the investor will continue to retain its 100% stake in the company. The transaction was approved at the 11th meeting of the 3rd directorate.