Ningbo Xinquan Zhihe Auto Parts System Co., Ltd. announced that it will receive CNY 50 million in equity round of funding from existing investor Jiangsu Xinquan Automotive Trim Co.,Ltd. (SHSE:603179) on January 3, 2019. The investor will retain its 100% stake in the company. After increase, registered capital will increase from CNY 50 million to CNY 100 million. The transaction was approved by the 16th meeting of the 3rd directorate of the investor and does not need its shareholder's approval.