Chengxing Corporation announced that it plans to increase capital by 0.3 billion yuan to its wholly-owned subsidiary Guangxi Chengxing using its own funds, while Xuanwei Phosphorus and Electricity will not participate in the capital increase. After completing the capital increase, Guangxi Chengxing's registered capital will be 0.5 billion yuan, with the company holding 97.12% of its equity and Xuanwei Phosphorus and Electricity holding 2.88%. The purpose of this capital increase is to support the subsidiary's operation, accelerate the construction of the wharf project, and promote the implementation of the company's global strategy. Guangxi Chengxing will remain a wholly-owned subsidiary of the company after the capital increase, and there will be no change in the scope of the consolidated financial statements. The capital increase will not have any adverse effects on the company's financial condition and operating results.