Nanchong Shucheng Property Management Co., Ltd. announced that it will receive CNY 4,500,000 in an equity round of funding on January 25, 2014. The transaction will involve participation from existing investors Sichuan Jinyu Automobile City (Group) Co., Ltd., which will invest CNY 3,700,000 and will increase its shareholding by 20% from 60% to 80% in the company through this transaction and Sichuan Zhongji Automobile Trading Co., Ltd., which will invest CNY 800,000 and will reduce its shareholding by 20% from 40% to 20% upon completion of this transaction. On the same date, the transaction was approved at the 5th session of the 8th directorate of Sichuan Jinyu Automobile City (Group) Co., Ltd. The transaction does need the approval from its shareholders.

The registered capital of the company will increase by CNY 4,500,000 from CNY 500,000 to CNY 5,000,000 upon completion of the transaction.