Core Viewpoint - Fawer Co., Ltd. has successfully introduced a strategic investor, Jilin Green Power Automotive Industry Private Equity Investment Fund, through a public offering, raising 20 million yuan to enhance its battery recycling industry chain layout and build a complete battery recycling ecosystem [2][3]. Group 1: Investment Details - Fawer Co., Ltd. approved the capital increase for its wholly-owned subsidiary, Fawer Smart Energy Technology Co., Ltd., on September 28, 2025, with a capital increase amount set at 20 million yuan [2]. - The investment from the Green Power Fund will be used to expand the material recycling business based on existing battery utilization [2][4]. Group 2: Capital Structure Changes - Following the capital increase, Fawer Smart's registered capital will change from 65 million yuan to 83.6794 million yuan, with Fawer Co., Ltd. holding 77.68% and the Green Power Fund holding 22.32% [3]. - The capital increase will convert Fawer Smart from a wholly-owned subsidiary to a controlling subsidiary, while the consolidation scope of Fawer Co., Ltd. remains unchanged [3]. Group 3: Financial Assessment - As of the capital increase assessment date of July 31, 2025, Fawer Smart's net assets were evaluated at 69.5907 million yuan, with the final capital increase price set at 1.0707 yuan per registered capital [4]. - The funds raised will primarily support the operation and development of Fawer Smart's main business and are restricted from being used for non-operational expenditures [4].

Core Viewpoint - The company, Fawer Co., Ltd., has successfully signed an investment agreement with the Green Power Fund, which will provide 20 million yuan to enhance the capital of its subsidiary, Fawer Smart, amidst a challenging lithium carbonate market [1][3]. Group 1: Investment and Capital Increase - Fawer Smart has signed an investment agreement with the Green Power Fund, which will invest 20 million yuan to subscribe for an increase in registered capital of 18.6794 million yuan [1]. - Following the capital increase, Fawer Smart's registered capital will change to 83.6794 million yuan [1]. - The investment aims to support Fawer Smart's operations and development in the battery recycling industry [3]. Group 2: Strategic Importance and Industry Context - The Green Power Fund is established to support the development of the power battery recycling sector in line with the strategic goals of China FAW Group [3]. - The battery recycling industry is expected to grow alongside the increasing production and sales of new energy vehicles, creating a favorable environment for compliant recycling enterprises [3]. - Fawer Smart is recognized as a key player in battery recycling, being the only enterprise in Northeast China on the white list for tiered utilization and a national high-tech enterprise [2].

Core Viewpoint - The company, Fawer Automotive Parts Co., Ltd., has approved a capital increase for Fawer Smart Energy Technology Co., Ltd. to enhance its full industry chain layout of "cascading utilization + recycling utilization" despite previous plans being halted due to low lithium carbonate prices [1] Group 1: Capital Increase Details - The capital increase amount is set at 20 million yuan, with the share price based on the valuation approved by state-owned assets departments [1] - Fawer Smart Energy is currently 100% owned by Fawer Automotive, with total equity reported at 80.1545 million yuan as of June 30, 2025 [1] Group 2: Strategic Intent - The purpose of the capital increase is to improve the company's strategic positioning in the energy sector, focusing on both cascading and recycling utilization [1] - The company plans to introduce strategic investors through public listing, although the implementation of this plan carries uncertainties [1]