China Juxin (688549.SH) plans to increase capital to participating company Jingheng Xidao to support the development of its quartz materials business

Zhitong Finance App News, China Juxin (688549.SH) announced that the company plans to increase the capital of Jingheng Xidao with Qingdao Hunpu Zhenxin Phase 8 Venture Capital Fund Partnership (limited partnership) and others to increase the capital of Jingheng Xidao (Shanghai) Technology Co., Ltd. (“Jingheng Xidao”) at a price of 1.3025 yuan per yuan of registered capital for a total of 280 million yuan to subscribe for Jinghengxidao's additional registered capital of 215 million yuan; of these, the company will use cash to subscribe Jinghengxidao's additional registered capital of 100 million yuan. After the capital increase was completed, the company's shareholding ratio of Jingheng Xidao changed from 44.75% to no less than 36.9554%. Jingheng Xidao is still the company's participating company.

According to reports, Jing Heng Xidao focuses on the field of semiconductor high-purity quartz materials, and is committed to research and development of new products, new technologies, and new processes related to semiconductor high-purity quartz materials, as well as investment layout in the field of semiconductor materials. The products include natural quartz and synthetic quartz, which are widely used in semiconductor manufacturing and optical equipment. This capital increase will help support the development of Jinghengxidao's high-purity quartz materials business, further expand the company's scope of services in the semiconductor materials field, and enhance the company's overall competitiveness and industry influence in the semiconductor materials industry chain.