Shengxin Lithium Energy (002240.SZ) plans to introduce Xingyin Investment to increase its capital by 500 million yuan for Zhiyuan Lithium Industry.

Intelligent Financial News APP, Shengxin Lithium Energy (002240.SZ) announced that its wholly-owned subsidiary, Sichuan Zhiyuan Lithium Industry Co., Ltd. (referred to as "Zhiyuan Lithium Industry"), introduced new investors through capital increase and share expansion. Xingyin Financial Asset Investment Co., Ltd. (referred to as "Xingyin Investment") increased the capital of Zhiyuan Lithium Industry by RMB 500 million, with RMB 208 million included in the subscribed capital of the target company and RMB 292 million included in the capital reserve of the target company. After the capital increase, the registered capital of Zhiyuan Lithium Industry changed to RMB 833 million, with the company holding 75% of its shares and Xingyin Investment holding 25% of its shares. Zhiyuan Lithium Industry remains a wholly-owned subsidiary of the company. The company waives its preemptive rights for this capital increase and share expansion of Zhiyuan Lithium Industry.