Baiwei Storage announced that the company previously disclosed that its holding subsidiary Guangdong Xincheng Hanqi plans to increase capital and expand shares to introduce external investors. The company relinquished priority subscription rights and formed a joint investment with related parties. Recently, the company, Guangdong Xincheng Hanqi, and the original shareholders have signed relevant agreements with investors. In this round, investors increased their capital by a total of RMB 600 million in cash, and obtained 23.0765% of the shares after the capital increase; the company directly holds 52.5186% of the shares, and is still required to go through procedures such as registration of industrial and commercial changes.

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