Jiangsu Zhenjiang New Energy Equipment plans to increase the capital of its wholly-owned subsidiary Zhenjiang Casting by 400 million yuan.

Jiangsu Zhenjiang New Energy Equipment (603507.SH) announced that the company plans to increase the capital of Jiangsu Zhenjiang Foundry Technology Co., Ltd. (referred to as "Zhenjiang Foundry") by 400 million yuan. After this capital increase, Zhenjiang Foundry's registered capital will increase from 100 million yuan to 500 million yuan, and the company will still hold 100% of its equity.