Donghua Energy: Wholly-owned subsidiary increased capital by 300 million yuan, and the company waived its priority subscription right.

Donghua Energy announced that its wholly-owned subsidiary, Donghua Energy Carbon Fiber Co., Ltd., plans to introduce the Maoming Composite Equity Investment Fund Partnership Enterprise to increase capital by 300 million yuan in cash. The increased capital will mainly be used for the construction and operation of the "Donghua Energy 10,000-ton Carbon Fiber Project." After the completion of this capital increase, Donghua Energy will hold 66.6667% of the equity of Maoming Carbon Fiber and remain the controlling shareholder. The company has waived its preemptive rights, which will help broaden financing channels and enhance overall competitiveness.