On August 8th, Gelunhui reported that Sichuan Dowell Science and Technology Inc. (300535.SZ) announced that the company plans to increase its capital to Sichuan Yuehua New Energy Technology Co., Ltd. (hereinafter referred to as "Yuehua New Energy") at a price of 2.70 yuan per share, with a total investment of 7.4074 million yuan, and pay 20 million yuan to subscribe for 9.76% of the equity of Yuehua New Energy after this capital increase.

As of the date of this announcement, the potential acquirer of the Yuehua New Energy's equity has not yet been determined. In accordance with the recent development trend of the domestic new energy market and industry regulatory guidelines, the company has re-evaluated the medium-to-long-term market capacity, growth space, and risks of this project carefully. The company believes that the unsold equity in the original capital increase plan has not been able to find a suitable acquirer in the expected time, resulting in the project's failure to progress on time. Estimated income has changed compared to the investment point, and there is greater uncertainty. Considering the company's overall business strategy and internal resource allocation, and following the principle of strengthening advantageous capacity and improving asset efficiency, the company has decided to terminate this external investment.