Zhitong Finance App News, Baichuan Co., Ltd. (002455.SZ) announced that in order to meet the business development needs of the company's subsidiary Ningxia Baichuan Technology Co., Ltd. (“Ningxia Baichuan Technology”) and optimize the balance and liability structure, the company and subsidiary Ningxia Tongchuang Hongyuan Equity Investment Fund Partnership (limited partnership) (tentative name, subject to final approval and registration, “Tongchuang Hongyuan Fund” for short) intend to sign an “Investment Contract”. Tongchuang Hongyuan Fund plans to increase Ningxia Baichuan Technology's capital by 400 million yuan in cash. After the capital increase is completed, the registered capital of Ningxia Baichuan Technology will be changed from 700 million yuan to 1.1 billion yuan. The company's investment ratio is 63.64%, and Tongchuang Hongyuan Fund's investment ratio is 36.36%. Ningxia Baichuan Technology is still a subsidiary of the company and within the scope of the company's consolidated statement.

Tongchuang Hongyuan Fund is to be jointly invested and established by the subsidiaries Nantong Baichuan New Materials Co., Ltd., Ningxia Industry Guidance Fund Phase II Co., Ltd., and Ningxia SDIC Tongchuang Fund Management Partnership (Limited Partnership).

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