隆鑫通用动力股份有限公司第五届董事会第十一次会议决议公告

Core Viewpoint - The company, Longxin General Power Co., Ltd., has approved a capital increase to its wholly-owned subsidiary, Chongqing Xinlongxin Electromechanical Co., Ltd., totaling up to RMB 165 million, which includes both real estate and cash contributions [7][8]. Group 1: Board Meeting Details - The 11th meeting of the 5th Board of Directors was held on November 19, 2025, with all 9 directors present, and the meeting was deemed legally valid [2]. - The board unanimously approved two key resolutions: a capital increase to the subsidiary and the transfer of certain assets to the subsidiary [3]. Group 2: Capital Increase Overview - The capital increase will consist of RMB 28.99 million in real estate and up to RMB 136 million in cash, aimed at supporting the subsidiary's future business development and asset integration [8][10]. - Following the capital increase, the registered capital of Chongqing Xinlongxin Electromechanical Co., Ltd. will rise from RMB 10 million to a maximum of RMB 166 million [9]. Group 3: Asset Transfer Details - The company will transfer 100% of its subsidiary, Longyue General Power Technology Co., Ltd., to Chongqing Xinlongxin Electromechanical Co., Ltd. at a net asset value of RMB 139.28 million, equivalent to approximately USD 1.96 million [4]. - The asset transfer will adhere to the principle of "people following assets," ensuring that relevant employees' labor relations are transferred alongside the assets [3]. Group 4: Investment Target Information - The investment target, Chongqing Xinlongxin Electromechanical Co., Ltd., was established in April 2025 and has not yet commenced operations, thus lacking financial data [15]. - The non-cash contribution includes 18 real estate properties located at No. 99 Hualong Avenue, Jiulongpo District, Chongqing, with a total assessed value of RMB 28.99 million, reflecting a significant appreciation of 277.38% [16].