Chint Electric: Controlling shareholder Chint Technology Investment intends to accept an increase in capital from Ningde Times.

Zhongheng Electric announced that, in order to promote strategic cooperation with Ningde Times New Energy Technology Co., Ltd., the holding shareholder of the company, Hangzhou Zhongheng Technology Investment Co., Ltd., intends to accept Ningde Times' capital increase. Ningde Times plans to subscribe for a total of 4.1 billion yuan to increase the registered capital of Zhongheng Technology Investment by 1441.18 million yuan, with the contribution method being in the form of currency and equity.