According to the Zhitong Finance App, Jinfu Technology (300128.SZ) announced that Shanghai Jinjinfu New Material Technology Co., Ltd. (hereinafter referred to as “Shanghai Jinjinfu”), a wholly-owned subsidiary of the company, plans to increase capital and expand shares to introduce investors in Shanghai Jinjinfu Private Equity Fund (limited partnership) (hereinafter referred to as “Jinjinfu Private Equity Fund”), and Jin Jinfu Private Equity Fund plans to increase the capital of Shanghai Jinjinfu by 470 million yuan. After the capital increase is completed, the company and Jinjinfu Private Equity Fund will hold 69.0755% and 30.9245% of Shanghai Jinjinfu's shares respectively, and Shanghai Jinjinfu will change from a wholly-owned subsidiary of the company to a holding subsidiary. This capital increase is limited to the construction, production and operation of the “Jinjinfu New Materials Western Base Project”.

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