Shanghai Jinjinfu, a subsidiary of Jinfu Technology (300128.SZ), plans to increase capital and expand shares to introduce investors to Jin Jinfu Private Equity Fund

According to the Zhitong Finance App, Jinfu Technology (300128.SZ) announced that Shanghai Jinjinfu New Material Technology Co., Ltd. (hereinafter referred to as “Shanghai Jinjinfu”), a wholly-owned subsidiary of the company, plans to increase capital and expand shares to introduce investors in Shanghai Jinjinfu Private Equity Fund (limited partnership) (hereinafter referred to as “Jinjinfu Private Equity Fund”), and Jin Jinfu Private Equity Fund plans to increase the capital of Shanghai Jinjinfu by 470 million yuan. After the capital increase is completed, the company and Jinjinfu Private Equity Fund will hold 69.0755% and 30.9245% of Shanghai Jinjinfu's shares respectively, and Shanghai Jinjinfu will change from a wholly-owned subsidiary of the company to a holding subsidiary. This capital increase is limited to the construction, production and operation of the “Jinjinfu New Materials Western Base Project”.

This time, the Qianwei County People's Government funded the establishment of the Jinjinfu Private Equity Fund through the Jinjian Industrial Investment Company, a wholly-owned state-owned enterprise, and increased the capital to Shanghai Jinjinfu, with the aim of better advancing the implementation process of the Jinjinfu Western Base Project for New Materials. This capital increase will help supplement the capital required for the investment, construction and operation development of the Shanghai Jinjinfu project, accelerate its capacity construction and market expansion in the field of new materials, enhance its core competitiveness, accelerate the company's strategic transformation into the field of new materials, enhance the company's overall competitive strength, and promote the company's high-quality and sustainable development.