Dalian Huarui Special Transmission Equipment Co., Ltd. announced that it expects to receive CNY 80,000,000 in an equity round of funding from existing investor Dalian Huarui Heavy Industry Group Co.,Ltd. on January 24, 2014. The investor will continue to hold 100% stake in the company. The registered capital of the company will increase to CNY 100,000,000 upon completion of the transaction.

The transaction has been approved at the 8th session of the 3rd directorate of the investor. The transaction does not need the approval from the shareholders of the investor.