Guangzhou Jingyuan Electrical Equipment Co., Ltd. announced that it will raise CNY 40,610,200 in equity funding from Tianjin Saixiang Technology Co., Ltd. on January 10, 2015. Out of the total proceeds, CNY 3,577,000 will go towards registered capital, and the CNY 37,033,100 to its capital reserve. After the completion of the capital increase, its registered capital will increase from CNY 21,360,000.00 to CNY 24,937,045.00, and the company will hold its 51% stake.

The investor will get 8.21% stake in the company from the transaction. The shareholders of the investor have given the approval for the transaction in the 1st extraordinary shareholders' meeting of 2015.