Qinchuan Machine Tool: The holding subsidiary plans to increase capital and expand shares, and introduce new investors.

Qinchuan Machinery announced on November 10th that the company's controlling subsidiary, Shaanxi Intelligent Machine Tool Innovation Center Co., Ltd., plans to increase its capital and introduce new investors. The company plans to increase the capital of the intelligent machine tool company by holding the equity of three subsidiaries, Xi'an Qinchuan Source Measuring Instrument Co., Ltd., Xi'an Qinchuan CNC System Engineering Co., Ltd., and Qinchuan Group Technology Research Institute Co., Ltd., as well as some cash through capital increase. The company plans to introduce six new investors, including Qinchuang Yuanknowledge Technology Innovation Investment Co., Ltd., Shaanxi Fast Gear Automobile Transmission Group Co., Ltd., Zhejiang Hangji Co., Ltd., Zhengji Transmission Technology Co., Ltd., Wuxi Machine Tool Co., Ltd., and Gansu Hailin Zhongke Technology Co., Ltd., while the remaining original shareholders of the intelligent machine tool company and the new investors in this round will increase their capital with cash. After the completion of this capital increase and introducing new investors and related party transactions, the company's proportion of shareholding in the intelligent machine tool company will change from 72.14% to 45.07%, and the intelligent machine tool company will still be the company's controlling subsidiary.