Tianjin Cisri-Huntoon Special Equipment Co., Ltd. announced that it will receive CNY 10,000,000 in an equity round of funding on January 20, 2014. The round will include participation from existing investors including Beijing Cisri-Gaona Materials & Technology Co., Ltd. who will invest according to their existing equity ratios. Beijing Cisri-Gaona Materials & Technology Co., Ltd. will invest CNY 3,800,000 in proportion to its holding stake of 38%.

Pursuant to the transaction, the registered capital of the company will increase from CNY 30,000,000 to CNY 40,000,000. The transaction was approved at the 25th session of the 3rd directorate meeting of Beijing Cisri-Gaona Materials & Technology Co., Ltd.