Zheng Quan Zhi Xing·2025-07-29 16:18Core Viewpoint - The company is proposing an adjustment to its investment in the associated company Hainan Shenneng New Energy Co., Ltd. to meet urgent funding needs and facilitate project construction [4][11]. Group 1: Meeting Details - The third extraordinary general meeting of shareholders is scheduled for August 6, 2025, at 14:30 in Shanghai [5]. - Shareholders must register by July 31, 2025, to participate in the meeting [5]. - Voting will be conducted through a combination of on-site and online methods, ensuring all shareholders can exercise their voting rights [2][5]. Group 2: Proposal Overview - The proposal involves a capital increase for Hainan Shenneng from CNY 200 million to CNY 294.62 million, with the company holding a 10% stake [4][6]. - The capital increase is aimed at addressing Hainan Shenneng's urgent funding requirements for project development [6][8]. - Following the capital increase, the company plans to exit Hainan Shenneng through a zero-cost capital reduction, decreasing its registered capital to CNY 250.43 million [8][10]. Group 3: Related Party Transactions - The transaction is classified as a related party transaction due to the involvement of the company's controlling shareholder and board members in Hainan Shenneng [5][11]. - The capital increase will be conducted at a price of CNY 1 per registered capital, ensuring fairness and transparency [7][10]. - The company has not engaged in any other related party transactions with Hainan Shenneng in the past 12 months [11]. Group 4: Financial Impact - The transaction is expected to optimize the company's business structure and alleviate cash flow pressure, aligning with its strategic development plans [10][11]. - The financial impact of the transaction will be assessed based on the company's audited annual financial reports [10].