The subsidiary of Sino-Platinum Metals (600459.SH), Guiyan Electronics, plans to increase capital and expand shares, as well as introduce strategic investors.

Sino-Platinum Metals (600459.SH) announced that in order to further meet the needs of business development, enhance market share and overall competitiveness, and further strengthen the electronic slurry business sector, the company plans to introduce strategic investors for capital increase and expansion at the level of its wholly-owned subsidiary, Guiyan Electronics Company. The capital increase will be implemented by introducing external investors through a publicly listed transaction by a legally established property transaction agency. The capital increase party will be determined through the public solicitation of external investors in accordance with the trading rules of the publicly listed transaction agency. This capital increase is beneficial for Guiyan Electronics Company's long-term development strategy, profitability, accelerating business and product structure transformation, further enhancing core competitiveness, and serving the interests of all shareholders. After the completion of this capital increase, Guiyan Electronics Company will establish a more flexible and efficient governance structure and operating model, further enhancing its independent development capabilities in segmented business areas. However, the company will remain the controlling shareholder of Guiyan Electronics Company, and this will not change the company's consolidated financial statements, as Guiyan Electronics Company will still be a subsidiary within the company's consolidated financial statements.