Stock Code: 002290 Stock Abbreviation: Hesheng New Material Announcement No.: 2026-032
Suzhou Hesheng New Material Co., Ltd. Announcement on Progress of External Investment
The Company and all members of the Board of Directors guarantee the authenticity, accuracy, and completeness of the disclosed information and assume joint and several liability for any false representations, misleading statements, or material omissions therein.
Recently, Suzhou Hesheng New Material Co., Ltd. (hereinafter referred to as the "Company") received a notice from its investee company, Shanghai Yizhi Electronic Technology Co., Ltd. (hereinafter referred to as "Yizhi Electronic"), stating that Yizhi Electronic has completed the industrial and commercial registration procedures for the Company's initial capital increase, the details of which are as follows:
I. Overview of External Investment
Suzhou Hesheng New Material Co., Ltd. (hereinafter referred to as the "Company") at the third meeting of the seventh Board of Directors held on August 1, 2025, deliberated and approved the "Proposal on External Investment and Signing of Capital Increase Agreement." The Company agreed to increase its capital in Yizhi Electronic by RMB 250 million using its own funds or raised funds. Of this amount, RMB 476.6945 million was subscribed to the new registered capital, and the remaining RMB 24,523.3055 million was accounted for as capital reserve. After the investment, the Company held a 10% equity interest in Yizhi Electronic. The Company authorized its management to handle relevant matters concerning this external investment within the scope of the Board of Directors' approval authority. For detailed information, please refer to the "Announcement on External Investment and Signing of Capital Increase Agreement" (Announcement No.: 2025-031) disclosed by the Company on the Juchao Information Network (www.cninfo.com.cn) on August 3, 2025.