ShaoNeng Co., Ltd.: Plans to increase the capital of its subsidiary, Hongda Company, by 187 million yuan to expand new business opportunities.

Shao Neng announced that in order to expand new businesses and reduce the asset-liability ratio, the company has decided to increase the capital of its holding subsidiary Hongda Company by 187 million yuan. Currently, the registered capital of Hongda Company is 1.18 billion yuan, which will increase to 1.8 billion yuan after this capital increase. The company will contribute 173 million yuan, holding 96.36% of the shares. The capital increase has been approved by the board of directors and does not constitute a major asset restructuring or related party transactions. Hongda Company's new energy business has developed well in recent years, with revenues of 678 million yuan and 580 million yuan in the first three quarters of 2024 and 2025, respectively.