Securities Code: 002196
Securities Abbreviation: Founder Motor
Announcement No.: 2026-029
Zhejiang Founder Motor Co., Ltd.
Announcement on Capital Increase for Wholly-Owned Grand-Subsidiary Gaokerun (Vietnam) Electronics Technology Co., Ltd.
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the disclosed information and assume legal responsibility for any false records, misleading statements, or material omissions in the announcement.
1. Overview of Capital Increase
Zhejiang Founder Motor Co., Ltd. (hereinafter referred to as the "Company") held the Second Meeting of the Ninth Board of Directors on August 10, 2026, and approved the "Proposal on Capital Increase for Grand-Subsidiary Gaokerun (Vietnam) Electronics Technology Co., Ltd." To support the grand-subsidiary's expansion of production and operation capital needs, the wholly-owned subsidiary Shenzhen Gaokerun Electronics Co., Ltd. (hereinafter referred to as "Shenzhen Gaokerun") will increase capital by USD 3 million to its wholly-owned grand-subsidiary Gaokerun (Vietnam) Electronics Technology Co., Ltd. (hereinafter referred to as "Vietnam Gaokerun"). Vietnam Gaokerun's current registered capital is USD 3.8 million. After the capital increase, its registered capital will increase to USD 6.8 million, and it will remain a wholly-owned grand-subsidiary of the Company.