Fulin Precision announced the introduction of strategic investor CATL

Jiangxi Shenghua New Materials Co., Ltd., a holding subsidiary of Fulin Precision, plans to introduce a strategic investor, CATL, by increasing capital and expanding shares. CATL will invest RMB 400 million to subscribe to the newly added registered capital of Jiangxi Shenghua of RMB 339 million, and acquire 18.7387% of the equity of Jiangxi Shenghua after the transaction is completed. After this capital increase, Fulin Precision's shareholding in Jiangxi Shenghua will drop from 97.9211% to 79.5719%, but Jiangxi Shenghua will still be its holding subsidiary, and the scope of the company's consolidated financial statements will not be changed.