Jiangsu Jinyang Transportation Engineering Co., Ltd. announced that it will receive CNY 17,777,777.78 in an equity round of funding from Zhejiang Tiantie Industry Co., Ltd. (SZSE:300587) for CNY 9,777,777.78 and individual investor, Hao Long for CNY 8,000,000 on November 10, 2020. The transaction has been approved in the 31st meeting of the 3rd directorate and does not need the investors shareholders’ approval.