Jintai Chemicals: Plans to increase capital to its subsidiary by 135 million yuan to develop a 11.30 billion yuan wind power project.

Jin Niu Chemical announced that the company plans to increase the capital of its wholly-owned subsidiary Tianyue Company by 135 million yuan with its own funds, in order to construct and operate the Hebei Chengde Longhua 200MW wind power project. The total investment of the project is approximately 1.13 billion yuan. After the capital increase, the registered capital of Tianyue Company will be 150 million yuan, and Jin Niu Chemical will still hold 100% of the shares. The proposal has been approved by the board of directors, does not require shareholder approval, and does not constitute a related party transaction or a major asset restructuring. The project has been approved and is planned to be completed and put into operation by the end of 2027, but may face risks such as policy and approval.