Wuxi Weifu Chang'an Co., Ltd. announced that it will receive CNY 150,000,000 in an equity round of funding on April 15, 2016. The transaction will include participation from existing investor, Weifu High-Technology Group Co., Ltd. On closing, the investor will retain its 100% stake in the company. Post completion; the company's registered capital will increase from CNY 60,000,000 to CNY 210,000,000.

The transaction has been approved in the 5th session of the 8th directorate of the investor. The transaction is not subject to approval from the shareholders of the investor. The company reported total assets of CNY 308,510,000, total liabilities of CNY 246,160,000, net assets of CNY 62,350,000, operating revenue of CNY 230,710,000, and net loss of CNY 31,880,000 for the year ended December 31, 2015.