Shanghai Huayi (SH:600623) Xin Lang Cai Jing·2025-12-31 16:01Core Viewpoint - Shanghai Huayi Group Co., Ltd. held its 12th meeting of the 11th Board of Directors on December 29, where it approved the progress of a capital increase of 350 million yuan to Double Coin Chongqing [1][10][12]. Group 1 - The meeting was chaired by Chairman Gu Lili, with company directors and some executives in attendance [3][12]. - The capital increase of 350 million yuan was initially approved in April 2019, with the aim of supporting the future development and funding needs of its tire segment [4][5][13]. - After the capital increase, the registered capital of Double Coin Group will rise to 2.85 billion yuan [6][13]. Group 2 - The company has maintained active communication with the minority shareholders of Double Coin Chongqing, who have agreed to a unilateral non-proportional capital increase by Double Coin Group [8][15]. - The company will continue to implement the capital increase, with the audit evaluation benchmark date adjusted to November 30 [9][15].