Xinte Energy (01799): Tianchi Energy intends to increase its capital by 35 million yuan to the Xinjiang Silicon-based New Material Innovation Center.

Xinte Energy (01799) announced that on September 12, 2025, the company, a testing company, Tianchi Energy, and the target company Xinjiang Silicon-based New Material Innovation Center Limited have entered into a capital increase agreement. According to this agreement, Tianchi Energy has agreed to increase its capital contribution to the target company by RMB 35 million in cash, as the target company's registered capital. After the capital increase, the group and Tianchi Energy will respectively hold approximately 61% and 39% of the equity of the target company, and the target company will continue to be a subsidiary of the company and its financial statements will be consolidated into the group's comprehensive financial statements. As of the date of this announcement, the target company is a wholly-owned subsidiary of the company. The target company was established for scientific research and development work, with its main business being the research and development of silicon-based materials technology. Tianchi Energy owns a nationally approved open-pit coal mine and has long been committed to the mining, sales, and green development and conversion of coal resources. It has built an industrial chain integrating coal, coal power, industrial silicon, and logistics transportation. It has continuously conducted research on the application industrialization of difficult points and frontier technologies in the fields of coal mining, coal-fired power generation, and coal chemical industry and established multi-level and multi-dimensional application laboratories, innovation research centers, and other research platforms, dedicated to leading the development of energy mining and conversion industry in the new direction of energy saving, intelligence, and environmental protection. The capital increase by Tianchi Energy to the target company can fill the research and practice gap of the target company in the coal, industrial silicon, and other industries, which is conducive to promoting upstream and downstream collaborative innovation in the "coal - electricity - silicon - new energy" industrial chain. It can also fully leverage Tianchi Energy's research results in intelligent manufacturing, energy saving and emission reduction, coal blending and other areas, achieve complementary advantages in key common technologies and industrialization, broaden the research boundaries and application scenarios of the target company's research team, continuously improve the target company's technical research and comprehensive research capabilities, help the group to drive industrial upgrade through technological innovation, enhance core competitiveness, and promote high-quality development.