Xinjiang Yuhua Textile Technology Co., Ltd. announced that it will receive equity funding from returning investor, Henan Xinye Textile Co., Ltd. on August 12, 2015. The registered capital of the company will increase to CNY 547,100,000. On closing, the investor will retain its 100% stake in the company.

The transaction has been approved in the 25th session of the 7th directorate of the investor. The transaction does not require the approval from the stockholders.