Jiangsu Yilong M.&E. Technology Co., Ltd. announced that it expects to receive CNY 20 million in funding from Zhejiang VIE Science & Technology Co., Ltd.

ZHEJIANG VIE SCIENCE & TECHNOLOGY CO., LTD is a China-based company, principally engaged in the research and development, manufacture and distribution of chassis system brakes. The Company mainly provides passenger car and commercial vehicle chassis system brakes. The Company's products include chassis front and rear suspension systems, automotive electronic control systems, pneumatic brake systems, hydraulic brake systems, clutch control systems, automotive engineering plastics and other products. The Company also provides iron castings. The Company distributes its products within domestic market and to overseas markets.