Shengxin Lithium Energy (002240.SZ) plans to introduce Xingyin Investment for Zhiyuan Lithium to increase its capital by 500 million yuan

Zhitong Finance App News, Shengxin Lithium Energy (002240.SZ) announced that Sichuan Zhiyuan Lithium Co., Ltd. (“Zhiyuan Lithium”), a wholly-owned subsidiary of the company, introduced new investors through a capital increase and share expansion. Xingyin Financial Asset Investment Co., Ltd. (“Xingyin Investment”) increased its capital to Zhiyuan Lithium by RMB 500 million, of which 208 million yuan was included in the actual capital of the bid company. After the capital increase was completed, Zhiyuan Lithium's registered capital was changed to 833 million yuan. The company held 75% of its shares, and Xingyin Investment held 25% of its shares. Zhiyuan Lithium is still the company's holding subsidiary. The company relinquished its priority subscription rights for the current capital increase and stock expansion of Zhiyuan Lithium.

According to the announcement, Xingyin invested in the capital increase of Zhiyuan Lithium to purchase 25% of its shares, and the company relinquished its priority subscription rights for Zhiyuan Lithium. This is a careful decision made by comprehensively considering the company's development needs and is in line with the company's overall future development plans and long-term interests.