Shaoneng Co., Ltd. announced that in order to expand new business and reduce the balance ratio, the company decided to increase the capital of the holding subsidiary Hongda Company by 187 million yuan. Currently, Hongda has a registered capital of 118 million yuan. After this capital increase, it will increase to 180 million yuan. The company invests 173 million yuan and holds 96.36% of the shares. The capital increase has been approved by the board of directors and does not constitute a major asset restructuring or related transaction. Hongda's new energy business has developed well in recent years. The revenue for the first three quarters of 2024-2025 was 678 million yuan and 580 million yuan respectively.

Shaoneng Co., Ltd. announced that in order to expand new business and reduce the balance ratio, the company decided to increase the capital of the holding subsidiary Hongda Company by 187 million yuan. Currently, Hongda has a registered capital of 118 million yuan. After this capital increase, it will increase to 180 million yuan. The company invests 173 million yuan and holds 96.36% of the shares. The capital increase has been approved by the board of directors and does not constitute a major asset restructuring or related transaction. Hongda's new energy business has developed well in recent years. The revenue for the first three quarters of 2024-2025 was 678 million yuan and 580 million yuan respectively.