Zhejiang Founder Motor announced that the Company will hold a Board of Directors meeting on December 23, 2024, to approve an increase in capital of 0.1 billion yuan for its wholly-owned subsidiary, Zhejiang Founder Motor Co., Ltd. After the increase, Deqing Founder's registered capital will rise from 50 million yuan to 0.15 billion yuan, still making it a wholly-owned subsidiary of the Company. The funds for this capital increase come from the Company’s own funds and do not involve related party transactions or major asset restructuring, conforming to the strategic development needs of the Company and its subsidiaries, while enhancing the capital strength of the subsidiary. The capital increase will not have an adverse impact on the Company’s future financial status and operating results.
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方正电机：对德清子公司增资1亿元
Zhejiang Founder Motor: Increase investment in the Deqing subsidiary by 0.1 billion yuan.
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