Joint Win Laser (688518.SH) plans to increase its investment by 50 million RMB to acquire a stake in Xindawanda Power, expanding its market space in the downstream lithium battery market.

Smart Finance and Economics APP News, Liwin Laser (688518.SH) announced that, in order to consolidate long-term strategic cooperation, further expand the downstream lithium battery market space, enhance market share, and strengthen the company's comprehensive competitiveness in the lithium battery equipment industry, the company plans to use 50 million yuan to increase its investment in Shinwanda Power Technology Co., Ltd. (referred to as "Shinwanda Power"), subscribing to its new 26.406 million shares, after the capital increase, the company will hold 0.1874% equity of Shinwanda Power.