Zhitong Finance App News, Volkswagen Public (600635.SH) announced that the company plans to pay Shanghai Dazhong Lvxing New Energy Development Co., Ltd. (Dazhong Green Bank for short) an additional registered capital of 20 million yuan in cash. The capital increase price is determined at RMB 1.00 for every 1 yuan of registered capital. Other shareholders of Volkswagen Green Bank, Shanghai Dazhong Logistics Co., Ltd. and Shanghai Dazhong Enterprise Management Co., Ltd. relinquished their priority subscription rights for the above capital increase. After the capital increase is completed, Volkswagen Green Bank remains a holding subsidiary of the company and will not cause changes in the scope of the company's consolidated statements.

The company takes utilities as its main business, closely follows the company's new energy development strategy, focuses on promoting the construction of charging stations, and actively explores the green transformation path under the “dual carbon” goal. Volkswagen Green Bank is an investment and operation platform for the company's charging station project. The capital increase of 20 million yuan is intended to be used for charging station construction, equipment procurement, station operation and liquidity replenishment.

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