JAHB(SH:603822) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-07-25 23:54Group 1 - The board of directors of Zhejiang Jiaao Environmental Technology Co., Ltd. held its 20th meeting on July 25, 2025, to discuss important resolutions [2][3][4] - The board approved a proposal for the capital increase and introduction of new investors for its subsidiary Lianyungang Jiaao New Energy Co., Ltd. [3][11] - The board also approved a proposal to waive the company's preferential subscription rights for the capital increase [6][11] Group 2 - The capital increase involves an investment of 261,444,444 RMB by China Aviation Oil Group Co., Ltd., which will increase the registered capital of the subsidiary from 2,353,000,000 RMB to 2,614,444,444 RMB [11][36] - The company will continue to hold controlling interest in the subsidiary after the capital increase [12][36] - The capital increase is expected to enhance the subsidiary's capital strength and promote new project development, aligning with the company's strategic planning and long-term interests [36][37] Group 3 - The investment agreement stipulates that the investment will be made in two phases, with each phase requiring certain preconditions to be met [19][21] - The agreement includes provisions for buyback rights under specific circumstances, allowing investors to sell their shares back to the company [23][25] - The company will authorize its management to handle all matters related to the capital increase, including signing relevant agreements and handling business registration changes [38]