According to Zhitong Finance APP, Zhejiang Dehong Automotive Electronic & Electrical (603701.SH) announced that the company plans to carry out an internal business reorganization, that is, the company will provide capital increase to its wholly-owned subsidiary through asset transfer, and the wholly-owned subsidiary will take over the company's original Generator and other businesses.

This asset transfer capital increase is an internal resource integration between Zhejiang Dehong Automotive Electronic & Electrical and its wholly-owned subsidiaries, aimed at adjusting the company's internal management structure and implementing business reorganization. At the same time, this capital increase through asset transfer is conducive to the listed company further optimizing its industrial structure and standardizing corporate governance, in line with the interests of the company and investors. After Zhejiang Dehong Automotive Electronic & Electrical takes over the Generator business, it will maintain the existing specialized management team for the Generator business, and through steady technological upgrades and strengthening internal management, improve production efficiency and enhance the company's profitability.