On December 28, Gelonghui Co., Ltd. (002708.SZ) announced that in order to meet strategic development needs, further promote the development of the electronic circuit board business, improve sustainable operation and profitability, accelerate the layout of the automotive electronics industry chain, continuously enhance competitive advantage, and achieve strategic collaborative development. The company held the 6th meeting of the 5th board of directors on December 27, 2023 to deliberate and pass the “Proposal on Capital Increase and Share Expansion of Holding Subsidiaries to Introduce Investors and Related Transactions”. The holding subsidiary Yangzhou Guangyang Shiyi Intelligent Technology Co., Ltd. (hereinafter referred to as “Guangyang Shiyi”) will increase the capital by a total of 20,000 yuan through capital increase and share expansion. Of these, the company plans to partially relinquish priority subscription rights and increase capital by 145.0 million yuan (of which 10.0000 million yuan of claims will be converted into shares), and senior management teams such as Mr. Li Shuhua, the chairman of the company plan to partially relinquish priority subscriptions Right, capital increase of 2.50 million yuan; Changzhou Shihui Industrial Investment Partnership (Limited Partnership) (hereinafter referred to as “Shihui Investment”), the company's employee shareholding platform plans to partially relinquish priority subscription rights and increase capital by 2.50 million yuan; the Investor Investment (Weihai) Equity Investment Parent Fund Partnership (Limited Partnership) (hereinafter referred to as “Investment Parent Fund”) introduced this time will increase capital by 50,000,000 yuan.
After the capital increase is completed, Koyo Shiyi's registered capital will increase from 253.0 million yuan to 453.0 million yuan. The shareholding ratio of Koyo Co., Ltd. changed from 84.9802% to 79.4702%. Koyo Seiichi is still a holding subsidiary of the company and will continue to be included in the scope of consolidated statements.