Crrc Urban Traffic (Europe) Co. Ltd. announced a private placement of HUF 1400 million from returning investor, Zhejiang Founder Motor Co., Ltd. on August 31, 2021. The investor's holding will increase from 50% to 71.88%. The transaction is approved in the eighth meeting of the company's seventh board of directors and the fifth meeting of the seventh board of supervisors. The company's registered capital will increase from HUF 1800 million to HUF 3,200 million.