Sinomach Automobile's subsidiary plans to increase its capital by a total of 79.44 million yuan from China Machinery Finance.

Sinomach Automobile (600335.SH) announced that its wholly-owned subsidiaries, China Import Auto Trading Co., Ltd. (referred to as "China Import Auto Trading"), China Automotive Industry Import and Export Corporation (referred to as "China Automotive Import and Export"), and its wholly-owned subsidiary, Machinery Industry Fourth Design and Research Institute Co., Ltd. (referred to as "Machinery Fourth Institute"), respectively hold 8.411%, 3.894%, and 0.935% equity in Guoji Finance Co., Ltd. (referred to as "Guoji Finance"). They plan to carry out a cash capital increase in proportion with other shareholders of Guoji Finance, with the increase amounts being 50.466 million yuan, 23.364 million yuan, and 5.610 million yuan respectively, with a total increase amount of 79.440 million yuan.