Fangzheng Electric announced that after review by the board of directors on September 18, 2026, it plans to increase capital by 210 million yuan to its wholly-owned subsidiary Fangzheng Electric Co., Ltd. to guarantee capital requirements for expanding production and operation. After the capital increase is completed, the registered capital of Deqing Fangzheng will increase from 350 million yuan to 560 million yuan. It is still a wholly-owned subsidiary of the company, and changes must be registered in the future.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.