Group 1 - Tian Gong International (00826) announced that its indirect wholly-owned subsidiary, Jiangsu Tian Gong Investment Management Co., Ltd., completed a capital increase in Shanghai Geze Laser Technology Co., Ltd. for a total price of RMB 3 million, acquiring 294,400 new shares, representing approximately 5.56% of Shanghai Geze's expanded registered capital [1] - Shanghai Geze specializes in intelligent laser solutions, core component design, research and manufacturing, and laser cladding with ultra-wear-resistant materials. The company has developed capabilities in laser cladding, laser spraying (including high-speed laser cladding), and 3D printing [1] - The laser cladding technology can be applied in mold repair, with 70% of molds being repairable. The mold repair market currently lacks specialized repair centers, and existing services are mostly small workshop-style repairs, unable to meet high-precision and intelligent repair demands [1] Group 2 - The group expects to leverage its collaboration with Shanghai Geze and its customer resources to engage end-users and deepen service offerings through partnerships with mold service providers, thereby opening up niche market spaces [2] - The subscription price was determined by considering various factors, including the industry in which Shanghai Geze operates, its growth potential, net asset per share, and the average industry price-to-earnings ratio [2] - The company believes that the terms of the share subscription agreement are fair and reasonable, aligning with the interests of its shareholders [2]