Binhai Energy announced that Xuyang Group, the controlling shareholder of the company, plans to increase capital by 507 million yuan to its subsidiary Inner Mongolia Xiangfu New Energy Co., Ltd., and the company relinquishes priority subscription rights for this capital increase. After the capital increase is completed, the company's shareholding ratio in Xiangfu New Energy will be reduced from 63.30% to 51.50%, Xuyang Holdings's shareholding ratio will be 29.86%, and Xuyang Group's shareholding ratio will be 18.64%. This transaction constitutes a related transaction and does not constitute a major asset restructuring. The relevant capital increase agreement has been signed and is subject to approval by the company's shareholders' meeting.

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