Gelonghui, Feb. 26 | Karen Co., Ltd. (300715.SZ) announced that on February 8, 2024, the company held the fourth meeting of the fifth board of directors and the third meeting of the fifth board of supervisors to review and pass the “Proposal on Foreign Investment and Related Transactions”, agreeing that the company would use its own capital of 40 million yuan to increase the capital to Anhui Dianjinshi Energy Technology Co., Ltd. (“Dijinshi Technology” for short). After the capital increase is completed, the company will add 10 million yuan of registered capital. Jinshi Technology is a new shareholder and holds 9.0909% of Jinshi Technology's shares. Since the signing of the “Capital Increase Agreement”, the company has continued to communicate with Dianjinshi Technology on the details of subsequent cooperation, but no agreement has been reached on some matters. In order to control investment risks, improve the efficiency of capital use, and optimize resource allocation, based on the principle of prudence, it was decided to terminate this foreign investment after friendly agreement between the two parties.