Xingyuan Materials (300568.SZ) subsidiary plans to increase capital and expand shares to introduce investors

Zhitong Finance App News, Xingyuan Materials (300568.SZ) announced that it plans to increase the capital of its wholly-owned subsidiary, Nantong Dingyuan Precision Technology Co., Ltd. (“Dingyuan Precision”) through capital increase and share expansion, to introduce Zeng Tao, Wu Guobiao, He Wenjie, Xingbang Zhihui (Nantong) management partnership (limited partnership), Shenzhen Xingyuan Dingyuan Precision Technology Partnership (limited partnership), Longsheng Technology Research Co., Ltd., and recently signed “Joint Venture Agreements” with various parties. The amount of this capital increase was 99 million yuan, of which the company partially relinquished the priority right to pledge capital for this capital increase and increased Dingyuan Precision's capital by 44 million yuan in monetary terms.

This capital increase is mainly used for the daily business activities of Dingyuan Precision. After the capital increase is completed, the company will hold 45% of Dingyuan Precision's shares. Since the company and all shareholders of Dingyuan Precision have signed a “Coordinated Action Agreement”, which is valid for 6 years. Therefore, after the capital increase, Dingyuan Precision was still included in the scope of the company's consolidated statements.