Merrison plans to make a large-scale capital increase in MCT

Merrison announced that it will invest US$56.972 million (or equivalent in RMB) to increase the capital of its wholly-owned subsidiary MCT. The funds will be used to pay for the equipment purchase costs of the US subsidiary, the renovation and expansion of the plant, and daily operating expenses. After the capital increase is completed, MCT's registered capital will increase from US$100 to US$57.972 million. Recently, an announcement was issued stating that it plans to acquire the equity of two overseas companies in cash. The two target companies are located in Germany and Poland, respectively, and are mainly engaged in aluminum die-casting related businesses in the automotive field. Among them, the total purchase price of 97% of the shares of the German company is 34.84 million euros, and the estimated purchase price of the Polish company's shares is 10.5282 million euros.