Wuhu Wanlian New Energy Auto Parts Co., Ltd. announced that it will receive CNY 61,000,000 in an equity round of funding on May 25, 2023. The transaction will include participation from returning investor Wuhu Sanlian Forging Co., Ltd. The transaction has been approved in the 12th session of the company’s 2nd directorate and the 9th session of the company’s 2nd supervisory board approved. Post to the closing Wuhu Wanlian New Energy Auto Parts Co., Ltd. registered capital will increase from CNY 32,000,000 to CNY 93,000,000.