Jiangsu Duolun Vehicle Inspection Industry Holding Co., Ltd announced that it will receive CNY 99,023,200 in an equity round of funding on June 5, 2020. The transaction will include participation from returning investor DuoLun Technology Corporation Ltd. (SHSE:603528). Post capital increase, the registered capital of the company will increase from CNY 300,000,000 to CNY 399,023,200 and the investor will continue to retain its 100% stake in the company. The transaction has been approved by the board of directors in the 22nd meeting of the 3rd directorate and 28th meeting of the company’s 3rd directorate and is still subject to the shareholders' approval of DuoLun Technology Corporation Ltd. (SHSE:603528).