Boyun New Materials: Intends to increase capitalization of Changsha Xinhang by 285 million yuan through debt-to-equity conversion.

Boyun New Materials announced that it plans to increase capital of its holding subsidiary Changsha Xinhang by 285 million yuan through debt-to-equity conversion. After the capital increase, the registered capital of Changsha Xinhang will increase to 705 million yuan, Boyun New Materials' shareholding ratio will decrease to 93.57%, and Central South University Asset Management Co., Ltd. will hold a 6.43% stake. This capital increase aims to optimize the capital structure of Changsha Xinhang and enhance its operational capabilities.