Hefei Jianghuai Automobile Guarantee Co., Ltd. announced that it will receive CNY 100 million in funding on January 24, 2014. The company will issue equity in the transaction. The round will include participation from existing investors, Anhui Jianghuai Automobile Co., Ltd. and Anhui Jianghuai Automobile Group Co., Ltd., which will invest CNY 85 million and CNY 15 million respectively, to continue to hold their respective stake of 85% and 15%.

The registered capital of the company will increase from CNY 100 million to CNY 200 million upon closing. The transaction was approved at the 18th session of the 5th directorate meeting of the company.