Longxin General: Plans to increase capital to its wholly-owned subsidiary by no more than 1.65 billion yuan.

Longxin General announced that the company plans to increase the capital of its wholly-owned subsidiary Chongqing Xinlongxin Mechanical and Electrical Co., Ltd. by no more than 1.65 billion yuan. Among them, 290 million yuan will be contributed in the form of real estate and no more than 1.36 billion yuan will be contributed in cash. This capital increase has been approved at the 11th meeting of the fifth board of directors, does not require approval from the shareholders' meeting, and still needs to complete the business registration procedures. After the capital increase, the registered capital of Xinlongxin Mechanical and Electrical will increase from 10 million yuan to no more than 1.66 billion yuan, and it will still be a wholly-owned subsidiary of the company. This capital increase does not constitute a related party transaction or a major asset restructuring, and has no significant impact on the company's financial and operational activities.