Changsha Jin Hong Shun Auto Parts Co., Ltd. announced that it will receive CNY 45,000,000 in an equity round of funding on December 28, 2022. The transaction will include participation from returning investor, Suzhou Jin Hong Shun Auto Parts Co., Ltd. After the completion of this capital increase, the registered capital will be increased from CNY 45,000,000 to CNY 90,000,000 and the investor still holds 100% of its shares. The capital increase has been reviewed and approved at the third meeting of the third board of directors of the company. And capital increase is within the approval authority of the company's board of directors and does not need to be submitted to the company's shareholders' meeting for consideration.

On January 11, 2023, the company recently completed the registration procedures for industrial and commercial change of registered capital, and obtained the Business license.