Zhitong Finance App News, Xidiwei (688173.SH) announced that HMI, a second-tier wholly-owned subsidiary of the company, plans to implement capital increases and equity incentives for employees: HMI will issue 6.499 million additional shares to the original shareholder, the company's subsidiary, Hong Kong Xidiwei, at a price of 0.05 US dollars per share. Hong Kong Xidiwei will invest 32.5 million US dollars (equivalent to RMB 2.391 million) to subscribe for these shares. At the same time, HMI plans to issue 3.5 million common shares to implement employee equity incentives. After the transaction was completed, Hong Kong's HMI shareholding ratio was changed from 100% to 65%.

According to reports, the subsidiary HMI's main business is sales, technical support, and customer support of power management chip products, and is responsible for the expansion of the company's overseas business. This capital increase and equity incentives will meet HMI's daily operating capital requirements. At the same time, it is also aimed at fully mobilizing the enthusiasm of the management and core personnel of HMI and the company's other overseas subsidiaries to work, ensure that core personnel are stable and actively involved in their work, and enhance their stickiness with the company.