Yancheng Duoli Auto Parts Co., Ltd. announced that it will receive CNY 166,000,000 in an equity round of funding on November 27, 2023. The transaction will include participation from returning investor, Chuzhou Duoli Automotive Technology Co., Ltd. to retain the majority stake in the company. The registered capital of the company is CNY 300,000,000.

This has been approved in the 9th session of the company?s 2nd directorate, 8th session of the company?s 2nd supervisory board. This transaction still needs to be approved by the company?s shareholders? meeting.