Shenghang Aviation (001205.SZ) announced on November 1 that, to support the construction of a new 49,000m3 low-temperature liquid ammonia storage tank and supporting facilities project by Jiangsu Andefu Warehousing Co., Ltd., a subsidiary of Andefu Energy Technology, the company plans to jointly increase the capital of Andefu Energy Technology with other shareholders, Jiangsu Tianyan Energy Technology Co., Ltd., and natural person Liu Xin, in accordance with their respective shareholding ratios, with a total investment of RMB 40 million. Among them, the company's cash contribution is 19.42 million yuan, Jiangsu Tianyan's cash contribution is 18.58 million yuan, and Liu Xin's cash contribution is 2 million yuan, all included in the registered capital of Andefu Energy Technology. This capital increase is proportionally made by all shareholders of Andefu Energy Technology. After the increase, the registered capital of Andefu Energy Technology will increase from 268 million yuan to 308 million yuan. The shareholding ratios of all shareholders will remain unchanged, and the company will still hold 48.55% of the shares.
Andefu Energy Technology is a joint venture of the company, and Mr. Li Taoyuan, the Chairman of the company, serves as a director at Andefu Energy Technology. According to the Shenzhen Stock Exchange Listing Rules, Andefu Energy Technology is a related party of the company. This capital increase constitutes a related party transaction.
