Overview - The company, Zhejiang Rifa Precision Machinery Co., Ltd., has approved a capital increase for its wholly-owned subsidiary, Rifa Machinery (Hong Kong) Co., Ltd., to enhance its business operations and competitiveness [1][2]. Capital Increase Details - The capital increase involves an investment of €6 million (approximately 600 million euros) to supplement working capital, raising the registered capital of Rifa Hong Kong from €6.05 million to €12.05 million [1][4]. - The total number of shares remains unchanged at 50,000 [4]. Subsidiary Information - Rifa Hong Kong holds 100% equity in both the Italian company MCM and Zhejiang Maichuang Precision Machine Tool Co., Ltd. [1][3]. - The subsidiary was established on August 19, 2016, and operates in investment, consulting, and import-export trade [3]. Financial Performance - As of the latest audited financials, Rifa Hong Kong reported total revenue of approximately ¥691.38 million and a net loss of approximately ¥170.19 million [4]. - The total assets were approximately ¥858.19 million, with total liabilities of approximately ¥822.03 million, resulting in a net asset value of approximately ¥36.15 million [4]. Purpose and Impact of Capital Increase - The capital increase aims to support the business expansion of Rifa Hong Kong's subsidiaries, enhance credibility, improve brand image, and expand market coverage and competitiveness [6]. - The funding will come from the company's own resources and is not expected to adversely affect the company's future financial status or operating results [6]. Investment Context - The total amount of external investments by the company, including this capital increase, has reached 10% of the latest audited net assets within the past twelve months [6].

Group 1 - The company will participate in the "2025 Shandong Listed Companies Investor Online Reception Day" to enhance interaction with investors, scheduled for May 15, 2025 [1] - Company executives will discuss the 2024 annual performance, corporate governance, development strategy, operational status, financing plans, equity incentives, and sustainable development during the event [1] Group 2 - The company’s wholly-owned subsidiary, Shandong Mining Huaneng Equipment Manufacturing Co., Ltd., will increase the registered capital of its holding subsidiary, Shandong Chengtong Forging Co., Ltd., from 20 million to 60 million RMB [2] - The capital increase will be proportionate among shareholders, with Huaneng Equipment contributing 31 million RMB, maintaining a 77.5% ownership stake [2] - This capital increase does not constitute a related party transaction or a major asset restructuring as per relevant regulations [2] Group 3 - Shandong Chengtong Forging Co., Ltd. has completed the business registration change and obtained a new business license, with a registered capital of 60 million RMB [4] - The company was established on June 16, 2005, and operates in various sectors including forging processing and manufacturing of coal mine machinery [4] Group 4 - The purpose of the capital increase is to enhance the financial strength and competitiveness of Chengtong Forging, supporting business expansion and aligning with the company's long-term strategic goals [4] - The capital increase will not affect the company's consolidated financial statements or significantly impact its current financial status and operational results [4]

Group 1 - The company announced a capital increase of 20 million RMB to Beijing Huahong Recycling Resources Co., Ltd. to meet its operational development needs [1] - After the capital increase, the registered capital of Beijing Huahong will rise from 80 million RMB to 100 million RMB, with the company retaining 100% ownership [1] - The purpose of this capital increase is to optimize the asset-liability structure, enhance market competitiveness, and improve profitability [1]