Zhitong Finance and Economics APP, 301070.SZ issued an announcement that in September 2022, the company's wholly-owned subsidiary Kailer New Energy Technology (Shanghai) Co., Ltd. (hereinafter referred to as "Kailer New Energy") and Henan Henan-funded New Energy Industry Investment Fund Partnership (Limited Partnership) (hereinafter referred to as "Henan Henan Capital") jointly funded the establishment of Henan Henan Capital Kailer Energy Technology Co., Ltd. (hereinafter referred to as "Henan Capital Kailer") The registered capital of Henan Capital Kailer is RMB 100 million, of which Kailer New Energy subscribes to RMB 50 million with the company's own funds, accounting for 50% of the registered capital.
Based on the long-term development needs of Henan Capital Kaili, Henan Capital and Kailer New Energy plan to increase the capital of Henan Capital Kailer by a total of 200 million yuan in the form of currency, of which Kailer New Energy contributes 100 million yuan. After the completion of the capital increase, the registered capital of Henan Capital Kailer will increase to 300 million yuan, and after the capital increase, the proportion of new energy contribution will be 50%. At the same time, Kailer New Energy entrusts 1% of its voting rights to Henan Henan Capital, mainly to meet the external financing needs of Henan Capital Kailer in the future and reduce financing costs.