Subsidiary Hongfeng Semiconductor of Wenzhou Hongfeng Electrical Alloy (300283.SZ) plans to introduce strategic investor Easy Creation Technology and increase capital by 10 million yuan.

Announcement from Wenzhou Hongfeng Electrical Alloy (300283.SZ): Zhejiang Hongfeng Semiconductor New Materials Co., Ltd. (referred to as "Hongfeng Semiconductor") intends to introduce strategic investor Haiyan Etek Venture Capital Investment Partnership Enterprise (Limited Partnership) (referred to as "Etek Venture Capital") through capital increase and share expansion. Etek Venture Capital plans to increase capital by 10 million yuan in cash, with 5.33334 million yuan to be included in the registered capital and 4.66666 million yuan to be included in the capital reserve. Both the company and Wenzhou Xianfeng Enterprise Management Service Co., Ltd., as existing shareholders of Hongfeng Semiconductor, have waived their priority subscription rights for this capital increase. After the capital increase and share expansion, Hongfeng Semiconductor's registered capital will increase from 80 million yuan to 85.33334 million yuan. The company's stake in Hongfeng Semiconductor will change from 75.375% to 70.66%. This capital increase will enhance their financial strength and meet the capital expenditure and operating expenditure needs for their future development.