Tianjin Tenglong United Auto Parts Manufacturing Co., Ltd. announced that it will receive CNY 10 million in an equity round of funding from existing investor Changzhou Tenglong Auto Parts Co., Ltd. on April 2, 2015. The transaction has been approved in the 6th session of the 2nd directorate and 6th session of the 2nd board of supervisors' meeting of the investor. Following the transaction, the registered capital of the company will increase from CNY 10 million to CNY 20 million and the investor will retain its 100% stake in the company.