Core Viewpoint - The company plans to introduce an investor through a public listing to increase capital for its subsidiary, Ningbo Conch New Materials Technology Co., Ltd., in February 2026, aiming to optimize its capital structure and enhance operational quality [1] Group 1: Investment Details - The capital increase will involve introducing one investor with a proposed registered capital of RMB 36.25 million [1] - After the capital increase, the company will retain an 80% stake in Ningbo Conch New Materials, which will continue to be a subsidiary of the company [1] Group 2: Strategic Implications - The board believes that the capital increase will provide a solid foundation for stable operations and promote sustainable development for the group [1] - The move is seen as aligning with the overall interests of the company and its shareholders [1]