Shandong Anuoda Auto Parts Manufacturing Co., Ltd announced that it will receive CNY 250,000,000 in an equity round of funding on June 17, 2022. The transaction will include participation from returning investor Baoding Dongli Machinery Co.,Ltd. and will retain its 100% stake in the company. Out of which, CNY 28,571,400 will go in registered capital and CNY 221,428,600 will be used as capital reserve.

The transaction has been approved by investor in its 12th meeting of the company's 3rd directorate and in the 7th meeting of the 3rd board of supervisors.