Shanghai Guangyu Automobile Air Conditioning Compressor CO., Ltd announced that it will receive CNY 80,000,000 in an equity round of funding from returning investor Shanghai Beite Technology Co., Ltd. (SHSE:603009) on July 7, 2020. Post the closing of the transaction, the investor will continue to hold 100% stake in the company and the registered capital of the company will increase from CNY 51,403,200 to CNY 131,403,200. The transaction has been approved by the board of directors of the investor at the 8th session of the 4th directorate meeting.