Gaoce Corporation (688556.SH) subsidiary plans to use a 100 million yuan debt-to-equity conversion method to increase the capital of Runyang Corporation.

Zhitan Finance and Economics APP news, Gaoce shares (688556.SH) announced that, based on the long-term good cooperative relationship with Runyang shares and its subsidiary Runyang New Energy (Shanghai) Co., Ltd. (referred to as "Shanghai Runyang"), to facilitate settlement, after negotiation, with April 30, 2025 as the benchmark date for debt rights and obligations, the company agreed to transfer 100 million RMB monetary debt in its total debt to Gaoce shares to Runyang shares; at the same time, the company transferred 100 million RMB monetary debt rights to Runyang shares to its wholly-owned subsidiary Gaoce Intelligent; Runyang shares agreed to acquire the above debt and assume debt repayment responsibility. It is confirmed by all parties that Runyang shares will fulfill a total of 100 million RMB payment obligations to Gaoce Intelligent, and the remaining total debt of 50 million RMB will be paid in installments by Shanghai Runyang to Gaoce shares, the specific matters shall be subject to the actual signed agreement.