Yueyang Hengli Auto Parts Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 20 million on August 25, 2020. The transaction will include participation from returning investor Hengli Industrial Development Group Co., Ltd. (SZSE:000622). The transaction has been reviewed and approved the second meeting of the ninth board of directors. Upon completion, the registered capital of company will increase from CNY 30 million to CNY 50 million.