On December 13, Gelonghui Co., Ltd. (300956.SZ) announced that the company plans to increase the registered capital of Nanchang Yingli Precision Manufacturing Co., Ltd. (hereinafter collectively referred to as “Nanchang Yingli”) with Shanghai Moqin Intelligent Technology Co., Ltd. (hereinafter referred to as “Shanghai Moqin”). The price of this capital increase is 1 yuan/share. The company increased its capital with 67 million yuan in cash, and Shanghai Moqin increased its capital with 13 million yuan in cash, corresponding to RMB 80 million included in the registered capital.
After this capital increase, the registered capital of Nanchang Yingli changed from RMB 20 million to RMB 0.1 billion. After the capital increase was completed, the equity structure of Nanchang Yingli was changed to: Yingli shares accounted for 80% of Nanchang Yingli's registered capital, and Shanghai Moqin invested 20% of Nanchang Yingli's registered capital; after this capital increase, the two parties agreed to exercise shareholders' rights such as voting rights and the right to distribute the remaining assets at the time of the dissolution of the company according to the share ratio held by the two parties in Nanchang Yingli after the capital increase.
