Erdos Resources injects 600m yuan into polysilicon subsidiary

Inner Mongolia Erdos Resources will jointly increase the capital of its controlled subsidiary, Inner Mongolia Erdos Polysilicon Co., Ltd. by 600m yuan. Erdos Resources’ full subsidiary, Dongyu Company, will contribute 216m yuan, and its controlled subsidiary, Power Metallurgy, will contribute 150m yuan. The company's controlling shareholder, Erdos Cashmere Group, will also participate with 234m yuan. This capital increase aims to supplement working capital and improve the asset-liability structure of the polysilicon company. Following the increase, the registered capital of Erdos Polysilicon will rise from 500m yuan to 1.1bn yuan, with ownership percentages remaining unchanged.

The board of directors approved this related-party transaction on December 22, 2025, with all associated directors abstaining. Shareholder approval was also secured on December 22, 2025, for various proposals, including the cancellation of the supervisory board, amendments to the articles of association and rules of procedure for shareholder meetings, and the forecast for 2026 related-party transactions.

Additionally, the company announced a change in its signing certified public accountant for the 2025 annual report, with Bi Yanfei replacing Du Jiabin due to internal work adjustments. This change is not expected to affect the audit work.