Nanjing Hengtian Lingrui Automobile Co., Ltd. announced that it has entered a purchase agreement with investor and will receive an equity round of funding on December 12, 2019. The transaction will include participation from new investor Uroica Precision Information Engineering Co.,Ltd (SZSE:300099) for CNY 100,000,000, which represents 12.5% stake and new investor Nanjing Runke Industry Investment Co., Ltd. for 7.5% stake in the company. Out of CNY 100,000,000 from Uroica Precision Information Engineering Co.,Ltd (SZSE:300099), CNY 4,687,500 will go to registered capital and CNY 95,312,500 will go into capital reserve. CNY 2,812,500 received from Nanjing Runke Industry Investment Co., Ltd. will go to registered capital of the company. Post capital increase, registered capital of the company will increase from CNY 30,000,000 to CNY 37,500,000. The transaction has been approved by the board of directors in 6th meeting of the 4th directorate of 2019 and subject to shareholder approval of Uroica Precision Information Engineering Co.,Ltd (SZSE:300099). The transaction is expected to close within 1 month since singing of the agreement.