Jiangsu Baichuan High-Tech New Materials (002455.SZ): Tongchuang Hongyuan Fund plans to inject RMB 400 million in capital into its subsidiary Ningxia Baichuan Technology.

Jiangsu Baichuan High-Tech New Materials (002455.SZ) announced that, in order to meet the operational development needs of its subsidiary Ningxia Baichuan Technology Co., Ltd. ("Ningxia Baichuan Technology") and optimize its asset-liability structure, the company, its subsidiary Ningxia Baichuan Technology, and Ningxia Tongchuang Hongyuan Equity Investment Fund Partnership (Limited Partnership) (tentative name, subject to final approved registration, "Tongchuang Hongyuan Fund") plan to sign an Investment Contract. Tongchuang Hongyuan Fund plans to inject RMB 400 million in cash into Ningxia Baichuan Technology. Upon completion of this capital increase, the registered capital of Ningxia Baichuan Technology will change from RMB 700 million to RMB 1.1 billion, with the company's contribution ratio at 63.64% and Tongchuang Hongyuan Fund's contribution ratio at 36.36%. Ningxia Baichuan Technology will remain a subsidiary within the company's consolidation scope, and the scope of the company's consolidated financial statements will not change. Tongchuang Hongyuan Fund is planned to be jointly established by the subsidiary Nantong Baichuan New Materials Co., Ltd., Ningxia Industrial Guidance Fund Phase II Co., Ltd., and Ningxia Guotou Tongchuang Fund Management Partnership (Limited Partnership).