Securities Code: 301588
Securities Abbreviation: Meixin Technology
Announcement No.: 2026-026
Meixin Technology Co., Ltd.
Announcement on Capital Increase and Related Party Transaction of Subsidiary
The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions. The Company and the Board of Directors guarantee that the content of this announcement is consistent with the information provided by the information disclosure obligor.
I. Overview of Related Party Transaction
(I) Basic Situation
Meixin Technology Co., Ltd. (hereinafter referred to as the "Company") held the 21st meeting of the Second Board of Directors on July 31, 2026, and deliberated and approved the "Proposal on Capital Increase and Related Party Transaction of Subsidiary." The Company's subsidiary, Sichuan Starry Aerospace Technology Co., Ltd. (hereinafter referred to as "Starry Aerospace"), plans to increase capital and expand shares for business development needs, with a capital increase of RMB 2,867.6469 million, and an increase in registered capital of RMB 91.8367 million. The Company will contribute RMB 525.7344 million, subscribing for RMB 16.8367 million of the new registered capital, with the remaining RMB 508.8977 million accounted for as capital reserve; Huizhou Star Power Investment Partnership (Limited Partnership) (hereinafter referred to as "Huizhou Star Power") will contribute RMB 780.6375 million, subscribing for RMB 25.0000 million of the registered capital, with the remaining RMB 755.6375 million accounted for as capital reserve; Jian'ou Daya Meixin Equity Investment Partnership (Limited Partnership) (hereinafter referred to as "Daya Meixin") will contribute RMB 1,561.275 million, subscribing for RMB 50.0000 million of the new registered capital, with the remaining RMB 1,511.275 million accounted for as capital reserve. After this capital increase, Starry Aerospace will remain a controlling subsidiary of the Company.
(II) Explanation of Related Party Relationship
Daya Meixin and the Company's shareholder holding more than 5% of the shares, Daya Industrial Fund Management Co., Ltd. - Jiangsu Zequan Daya Lin Gong Fund (Limited Partnership), are both partnership enterprises controlled by Daya Industrial Fund Management Co., Ltd.; the executive partner of Huizhou Star Power is Mr. Zou Xiaomin, a senior management member of the Company. According to the "Shenzhen Stock Exchange GEM Stock Listing Rules," Daya Meixin and Huizhou Star Power are both related parties to the Company, and this capital increase and share expansion of Starry Aerospace involves a related party transaction.
(III) Approval Procedures
The Company held the 21st meeting of the Second Board of Directors on July 31, 2026. Related director Mr. Chen Chen recused himself from voting. The other 8 non-related directors participated in the voting, which was approved by 8 votes in favor, 0 votes against, and 0 abstentions.
The "Proposal on Capital Increase and Related Party Transaction of Subsidiary" was deliberated and approved. The independent directors held a special meeting beforehand and deliberated and approved the "Proposal on Capital Increase and Related Party Transaction of Subsidiary." This joint investment in Starry Aerospace with related parties is a related joint investment. Since the Company did not fully exercise its preemptive subscription rights at its original shareholding ratio (51%), it involves partial waiver of rights. The above related joint investment matters and partial waiver of rights fall within the scope of the Board of Directors' decision-making authority and do not need to be submitted to the Company's shareholders' meeting for deliberation. This related party transaction does not constitute a major asset restructuring as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies," nor does it constitute a restructuring and backdoor listing, and does not require approval from relevant departments.
II. Basic Information of Other Investors