Maoming Petro-Chemical Shihua (000637.SZ) plans to increase capital by no more than 532 million yuan to its controlling shareholder.

Maoming Petro-Chemical Shihua (000637.SZ) announced the plan to issue A-shares to specific investors. The issuer of the shares is the controlling shareholder of the company, Maoming Port, who will subscribe to the shares in RMB cash. The total amount of funds raised from this issuance to specific investors will not exceed RMB 532 million (including this amount), which will be used entirely to supplement working capital after deducting relevant issuance expenses.