Jiangte Electric announced that the company signed a capital increase agreement with Huaxin Intelligent Equipment Co., Ltd. to transfer 85.3038% of the shares held by Tianjin Huaxing and 100% of Zhongfuhui's shares into the wholly-owned subsidiary Hangzhou MiG restructuring, and then use part of Hangzhou MiG's shares to increase capital in Huaxin Intelligent Equipment and obtain corresponding shares. The price of this capital increase is 36.49 yuan for every 1 yuan of registered capital. After the capital increase is completed, Huaxin Intelligent Equipment will hold 51%-60% of Hangzhou MiG's shares. The deal still requires review by the company's board of directors and shareholders' meeting, and the completion of the restructuring by Hangzhou MiG, etc., and there is uncertainty about whether the deal can be implemented.

Jiangte Electric announced that the company signed a capital increase agreement with Huaxin Intelligent Equipment Co., Ltd. to transfer 85.3038% of the shares held by Tianjin Huaxing and 100% of Zhongfuhui's shares into the wholly-owned subsidiary Hangzhou MiG restructuring, and then use part of Hangzhou MiG's shares to increase capital in Huaxin Intelligent Equipment and obtain corresponding shares. The price of this capital increase is 36.49 yuan for every 1 yuan of registered capital. After the capital increase is completed, Huaxin Intelligent Equipment will hold 51%-60% of Hangzhou MiG's shares. The deal still requires review by the company's board of directors and shareholders' meeting, and the completion of the restructuring by Hangzhou MiG, etc., and there is uncertainty about whether the deal can be implemented.