Beijing Jingcheng Machinery Electric Company (00187.HK) subsidiary Tianhai Hydrogen Energy plans to increase capital and expand shares by introducing investors through public listing.

China Fortune Financial News APP News, Beijing Jingcheng Electromechanical Co., Ltd. (00187.HK) announced that, in order to meet the needs of business development, promote equity diversification and marketization of governance structure, the company's wholly-owned subsidiary Beijing Tianhai Hydrogen Energy Equipment Co., Ltd. (Tianhai Hydrogen Energy) plans to increase its capital and expand its shares by introducing investors through public listing. After the completion of this capital increase and share expansion, Tianhai Hydrogen Energy will still be a controlled subsidiary of the company, and will not lead to changes in the company's consolidated financial statements. The final result of this capital increase and share expansion will be determined based on the actual situation of investor participation in the public solicitation on the Beijing Property Exchange.