CHINA SUNTIEN (00956) plans to increase capital by 87,552,000 yuan towards Xintianweichang.

CHINA SUNTIEN (00956) announced that its wholly-owned subsidiary, Hebei Jiantou New Energy Co., Ltd. (referred to as "Jiantou New Energy"), plans to increase its capital in China Suntien Weichang Co., Ltd. (referred to as "New Tian Weichang") in proportion with the company's controlling shareholder, Hebei CONS Investment Group Co., Ltd. (referred to as "Hebei Jiantou"). Jiantou New Energy will contribute 87.55 million yuan in cash, maintaining a 97.28% stake after the capital increase, while Hebei Jiantou will contribute 2.448 million yuan. This capital increase is in line with the company's overall development strategy, which will enhance the company's market competitiveness and meet the needs of its overall development. The related party transaction follows the principles of voluntary participation, fairness, reasonableness, and mutual agreement. After the transaction, the company's stake in New Tian Weichang will remain unchanged, and will not have a significant impact on the company's current financial condition and business performance, nor harm the interests of the listed company and its shareholders, particularly small and medium-sized shareholders.