Jiaze Renewables(SH:601619) Zheng Quan Zhi Xing·2025-07-14 13:15Core Viewpoint - The company is increasing its investment in its subsidiary Shanghai Jiayi Rongyuan Green Chemical Co., Ltd. to explore and develop businesses in green methanol, green ethanol, and green aviation kerosene, with a total capital increase of 49.45 million RMB [1][2]. Transaction Overview - The company will invest 49.45 million RMB in Shanghai Jiayi Rongyuan, raising its ownership from 70% to 95%, while another shareholder, Jinyuan Rongtai Investment Management (Ningxia) Co., Ltd., will invest 1.55 million RMB, maintaining its 5% stake [1][2]. - The board of directors approved the transaction on July 14, 2025, with the related party, Mr. Chen Bo, abstaining from the vote due to his interest in the transaction [2][7]. Related Party Information - Jinyuan Rongtai is the second-largest shareholder of the company, holding 15.38% of shares and is considered a related party due to its connection with the actual controller, Mr. Chen Bo [5]. - Jinyuan Rongtai has a registered capital of approximately 1.018 billion RMB and is involved in investment management and consulting [5]. Financial Information of the Target Company - Shanghai Jiayi Rongyuan was established on May 19, 2025, with a registered capital of 4 million RMB. As of June 30, 2025, it reported total assets, liabilities, and net assets of 0, with no revenue or profit [5][6]. Pricing and Agreement Details - The capital increase is priced at 1 RMB per registered capital, and Jinyuan Rongtai has waived part of its preferential subscription rights. The transaction is deemed fair and does not harm the interests of the company or minority shareholders [6][7]. Impact on the Company - The capital increase aligns with the company's overall interests and development plans, and it will not significantly affect the company's financial status or operational capabilities [6][7]. Historical Related Transactions - Prior to this transaction, there was one related transaction with Jinyuan Rongtai in the past 12 months, amounting to 2.8 million RMB [2][3].