Sunward Intelligent Equipment (002097.SZ) subsidiary Bobang Shanhe plans to increase capital and expand shares to introduce investors.

Sunward Intelligent Equipment (002097.SZ) announced that its controlled subsidiary Hunan Bobang Shanhe New Materials Co., Ltd. ("Bobang Shanhe") plans to implement a capital increase and share expansion through a combination of non-public agreement capital contributions by existing shareholders and public listing on the property rights market to introduce social investors. Among these, the company, as an existing shareholder, will participate in the capital increase through a non-public agreement; social investors will be determined through public listing and solicitation via the Guangzhou Property Rights Exchange. It is understood that the company and social investors will increase capital in Bobang Shanhe by way of cash capital contributions, while other existing shareholders waive their preemptive subscription rights. Bobang Shanhe plans to recruit investors through public market channels for the capital increase, with total capital contributions of no less than RMB200 million; the company's capital contribution price shall be the same as the listing transaction price for social investors on a same-share-same-price basis. The company's capital contribution through the non-public agreement shall not exceed 49% of the total capital increase amount, and the subscription cap shall not exceed RMB210 million. The total capital increase amount shall consist of the capital contributions from new investors in this round and the company's capital contribution through the non-public agreement. Upon completion of the capital increase and share expansion, the scope of the company's consolidated financial statements will not change, and the company will remain the controlling shareholder of Bobang Shanhe.