Chengxin Lithium Group Co., Ltd. (002240.SZ) announced that its wholly-owned subsidiary, Sichuan Zhiyuan Lithium Co., Ltd. ("Zhiyuan Lithium"), will introduce a new investor, Xingyin Financial Asset Investment Co., Ltd. ("Xingyin Investment"), through a capital increase and share expansion. Xingyin Investment will inject RMB 500 million into Zhiyuan Lithium, with RMB 208 million allocated to the registered capital and RMB 292 million to the capital reserve.
Upon completion of the capital increase, Zhiyuan Lithium's registered capital will increase to RMB 833 million. Chengxin Lithium will retain a 75% stake, while Xingyin Investment will hold 25%. Zhiyuan Lithium will remain a subsidiary under Chengxin Lithium's control. The company has waived its preemptive right to participate in this capital increase.
The decision to introduce Xingyin Investment and waive the preemptive right was made after careful consideration of the company's development needs and aligns with its long-term strategic planning and interests.
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