Tianqi Co., Ltd. (002009.SZ) subsidiary Tianqi Jintai Ge received a 70 million yuan capital increase from Qingdao Huatie Fund.

Terme Finance app news, Tianqi Group (002009.SZ) announced that its wholly-owned subsidiary, Jiangxi Tiantai Jintaige Cobalt Industry Co., Ltd. (hereinafter referred to as "Tianqi Jintai Ge"), intends to introduce Qingdao Huatie New Energy Venture Capital Fund Partnership Enterprise (Limited Partnership) (hereinafter referred to as "Qingdao Huatie Fund", "this round investor") by way of additional capital increase. Qingdao Huatie Fund intends to subscribe to 2.8% of the equity of Tianqi Jintai Ge with a consideration of RMB 70 million, of which RMB 36.0824 million will be included in the newly increased registered capital, and the remaining RMB 6,639.9176 million will be included in the capital reserve. The Company waives its preemptive right to subscribe for this additional capital. After this round of capital increase, the registered capital of Tianqi Jintai Ge will increase from RMB 125 million to RMB 129 million, and the Company's shareholding in Tianqi Jintai Ge will change from 100% to 97.2%. Tianqi Jintai Ge will still be within the scope of the Company's consolidated financial statements.