Zhitong Finance App News, Rongbai Technology (688005.SH) announced that the company's subsidiary Xiantao Rongbai Lithium Battery Materials Co., Ltd. (“Xiantao Rongbai”) plans to implement a capital increase of 15.9811% and introduce BOC Financial Asset Investment Co., Ltd. (“BOC Investment”) as a strategic investor. BOC Investments will increase capital by 300 million yuan in cash, including the proposed additional registered capital of 267 million yuan and an additional capital of 334.037.98 million yuan. It is estimated that the share ratio after obtaining the Xiantao Rongbai capital increase will be 15.9811%, and the capital increase will be used to repay bank loans.

The company holds 100% of Xiantao Rongbai's shares through its wholly-owned subsidiary Xiantao Rongbai New Energy Technology Co., Ltd. (“Xiantao Rongbai Technology”) and Xiantao Rongchuang No.1 New Energy Partnership (limited partnership) (“Xiantao Rongchuang 1”) controlled by the company. As current shareholders, Xiantao Rongbai Technology and Xiantao Rongchuang 1 both relinquished their priority subscription rights for this capital increase. After the capital increase is completed, Xiantao Rongbai Technology's share ratio will drop to 0.0959%, Xiantao Rongchuang-1's shareholding ratio will drop to 83.9230%, and the company's total indirect shareholding ratio in Xiantao Rongbai is expected to drop from 100% to 84.0189%. Xiantao Rongbai will continue to be included in the scope of the company's consolidated statements.

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