On December 16, Gelonghui announced that Yihuatong (688339.SH) held the 20th meeting of the third Board of Directors on December 16, 2024, to review and approve the proposal on the capital increase and related transaction for the joint venture company. The company agreed to jointly increase the capital of the joint venture company Huafeng Fuel by a total of 1.9 billion Japanese yen (JPY 1900 million, equivalent to approximately 89.6135 million RMB) with Toyota Motor. Among them, the company's intended capital increase amount is 950 million Japanese yen (JPY 950 million, equivalent to approximately 44.8068 million RMB). After this capital increase is completed, the registered capital of Huafeng Fuel will increase from 4.5 billion Japanese yen to 6.4 billion Japanese yen (JPY 6400 million, equivalent to approximately 301.856 million RMB), and the company's shareholding ratio in Huafeng Fuel remains at 50%, with Huafeng Fuel still being a joint venture controlled jointly with Toyota Motor.