Jerry Co., Ltd. announced that the board of directors of the company reviewed and passed the capital increase bill to increase the capital of the wholly-owned subsidiary Shandong Jeremin Electric Energy Co., Ltd. by 900 million yuan in cash, including 850 million yuan of raised capital and 50 million yuan of its own capital. After the capital increase is completed, Jeremin Electric's registered capital will increase from 100 million yuan to 1.0 billion yuan. This capital increase does not constitute a related transaction or major asset restructuring, and there is no need to submit it to the shareholders' meeting for review. The purpose is to meet the construction needs of the fund-raising project implementers and promote the development of the power business.

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