MKI Enterprise Group Inc. announced that it will raise $15 million in an equity round of funding on October 13, 2021. The transaction included participation from returning investor WINBO-Dongjian Automotive Technology Co., Ltd. for 100% stake in the company. The transaction was approved by the board of directors of the company in its eleventh meeting of the second board of directors and the eleventh meeting of the second board of supervisors.

The transaction is not subjected to approval of shareholders in general meeting. The company capital will change capital from $20,000 to $15,020,000 after the completion of the transaction. Post transaction also the investors hold 100% stake in the company.

This capital increase is an overseas investment matter, which requires the filing and approval of relevant competent authorities such as the commerce, development, and reform, and SAFE.