Shanghai Dingce Financial Leasing Co., Ltd. announced that it will receive CNY 100,000,000 in equity round of funding on October 29, 2019. The transaction will include participation from existing investor Zhejiang Dingli Machinery Co.,Ltd (SHSE:603338) and will retain its 100% stake in the company. Post the closing, the registered capital of the company will increase from CNY 200,000,000 to CNY 300,000,000. The transaction was approved at 3rd directorate’s 20th meeting and does not need approval from shareholders of the investor.