The Jiangsu High-Tech Investment Group and Jiangsu Gaojin signed the agreement with Changzhou Changhai GFRP Products Co., Ltd (hereinafter referred to as Changhai GFRP) days ago. Jiangsu Gaotu Growth Venture Capital Co., Ltd., one of the subsidiaries of the Jiangsu High-Tech Investment Group, conducted the syndication investment on behalf of the Group. 

Changhai GFRP is a private domestic enterprise for fiber glass products with comparatively better base and faster development. The fiber glass products made by the company commands a large domestic market value. Its products sell well in more than 20 countries and regions, including North America, the Middle East, and Southeast Asia etc. Its customers cover Antolin, the Spain-based world's largest automobile ceiling manufacturer, and other automobile ceiling suppliers such as Volkswagen, Ford, Toyota and Hyundai, etc.

Changhai GFRP will use the precedes in this round of financing to increase two fiber glass production lines which receive the domestically leading level in order to further enlarge the production and sales scales of fiber glass products. The Jiangsu High-Tech Investment Group will completely exercise the resource advantages as a VC firm to actively supply the value-added service, assist the company in optimizing structure, help the company integrate the industrial resources and further enlarge the domestic and international market shares.