Jiangsu Zhenjiang New Energy Equipment (603507.SH) 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, in order to further enhance the financial strength of Zhenjiang Foundry and promote the smooth implementation of the company's overall development strategy, the company plans to increase the capital of Jiangsu Zhenjiang Foundry Technology Co., Ltd. (referred to as "Zhenjiang Foundry") by 400 million RMB. After this capital increase, the registered capital of Zhenjiang Foundry will increase from 100 million RMB to 500 million RMB, and the company will still hold 100% of its equity.