Zhejiang Jintai Auto Parts Manufacturing Co., Ltd. announced that it will receive CNY 100 million in an equity round of funding from existing investor, Zhejiang Jinfei Kaida Wheel Co.,Ltd. on October 13, 2022. The transaction has been approved in the 28th meeting of the 4th board of directors. Post completion, the registered capital of the company will increase from CNY 20,000,000 to CNY 120,000,000.