Zheng Quan Zhi Xing·2025-08-29 13:12Core Viewpoint - Beijing Jingcheng Machinery Electric Company Limited's board of directors approved a capital increase for its wholly-owned subsidiary, Beijing Tianhai Hydrogen Energy Equipment Co., Ltd., to introduce new investors and sign related agreements [1][2]. Group 1: Meeting Details - The 14th temporary meeting of the 11th board of directors was held on August 29, 2025, with all 11 directors present [1]. - The meeting was chaired by Chairman Li Junjie, and the resolutions passed were in compliance with applicable laws and the company's articles of association [1]. Group 2: Capital Increase and Financing - Tianhai Hydrogen Energy will implement a capital increase based on the total equity value of RMB 806 million, with the share price calculated accordingly [1]. - The financing round introduced 8 investors, raising a total of RMB 290 million, of which RMB 129.53 million will be added to registered capital and RMB 160.47 million to capital reserves [2]. - After the financing, Tianhai Hydrogen Energy's registered capital will change to RMB 489.53 million, with Tianhai Industrial holding 73.54% of the shares, maintaining Tianhai Hydrogen Energy as a controlled subsidiary of the company [2].