Ningbo Energy: Injecting 195 million yuan into wholly-owned subsidiary

Ningbo Energy announced that the 43rd meeting of the 8th Board of Directors held on April 1, 2026 approved the proposal to increase the capital of its wholly-owned subsidiary, Ningbo Ning Energy Investment Management Co., Ltd., by 195 million yuan. After the capital increase, the registered capital of the subsidiary will change from 10 million yuan to 205 million yuan. This transaction did not meet the standard for shareholder meeting approval, so it does not need to be submitted for review, and it is not considered a related party transaction or a major asset restructuring. The capital for the capital increase comes from the company's own funds and will help the subsidiary in its business operations. However, due to factors such as macroeconomic conditions and industry policies, there are uncertainties in its future operations.