Nanjing Dele Science and Technology Co., Ltd. announced that it will receive CNY 350,000,000 in an equity round of funding on January 20, 2017. The transaction will include participation from existing investor, Suzhou Victory Precision Manufacture Co., Ltd. The transaction has been approved in the 30th meeting of the Company’s 3rd directorate and does not need the shareholders’ approval. Post the closing, the registered capital of the company will increase from CNY 165 million to CNY 515 million.