Anhui Fuma Auto Part Group Co., Ltd. announced that it will receive CNY 100 million in a equity round of funding on September 25, 2023. The transaction will include participation from returning investor Hanma Technology Group Co.,Ltd. to retain the majority stake in the company. Post-completion of the transaction the registered capital of the company will increase from CNY 100 million to CNY 200 million.

The transaction has been approved in the 31st session of Hanma Technology Group Co.,Ltd.'s 8th directorate. The transaction still needs to be approved by the company?s shareholders? meeting.