Beite Technology plans A-share issuance, capital boost for subsidiaries

Shanghai Beite Technology Co. Ltd. announced on September 5, 2025, that its board approved a revised preliminary proposal for a 2025 simplified procedure issuance of A-share stock to specific objects. The issuance, not exceeding 30% of the pre-issuance share capital and a total of 300 million yuan, will fund the "Shanghai Beite Technology Co. Ltd. Thailand Ball Screw Production Base Construction Project (Phase I)" with an estimated investment of 300 million yuan out of a total 349.2618 million yuan. The company aims to complete the issuance by October 2025 at an issue price of 37.59 yuan per share, determined through a competitive bidding process.

To further support its business development, Beite Technology will increase the registered capital of two wholly-owned subsidiaries. Chongqing Beite Technology Co. Ltd. and Shanghai Beite Supply Chain Management Co. Ltd. will receive capital injections of 70 million yuan and 40 million yuan, respectively, raising their registered capital to 80 million yuan and 50 million yuan. These capital increases align with the company's strategic plan to enhance financial strength and meet operational needs.

The proposed A-share issuance and subsidiary capital increases are designed to strengthen Beite Technology's financial position, support its expansion into new product lines like planetary roller screws for robotics, and enhance its overall competitiveness and sustainable growth. The initiatives address the need for new business growth drivers in a maturing automotive parts industry.