Announcement on Tianhai Automotive Electronics Group Co., Ltd.'s Capital Increase for Wholly-Owned Subsidiary
Tianhai Automotive Electronics Group Co., Ltd. (hereinafter referred to as "the Company") held the 13th meeting of the 3rd Board of Directors on May 29, 2026, and approved the proposal regarding the capital increase for its wholly-owned subsidiary, Hebi Tianhai Global Electric Co., Ltd. (hereinafter referred to as "Tianhai Global"), agreeing to increase the capital by RMB 300 million using its own funds. According to the relevant regulations of the "Shenzhen Stock Exchange Stock Listing Rules" and the "Articles of Association," this does not constitute a related party transaction or a significant asset reorganization as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies." This capital increase falls within the authority of the Board of Directors and does not require submission to the shareholders' meeting for approval. The specific circumstances are announced as follows:
1. Basic Information on the Capital Increase
To meet the business development needs of Tianhai Global, the Company plans to increase the capital of its wholly-owned subsidiary Tianhai Global by RMB 300 million using its own funds, which will be formally completed after the registration of state-owned asset property rights and business registration procedures are finalized. After the completion of this capital increase, Tianhai Global's registered capital will change from RMB 200 million to RMB 500 million.