Lucky Harvest boosts subsidiary capital for new energy projects

Lucky Harvest (SZSE:002965) announced plans to inject 83.0872 million yuan of raised funds into its wholly-owned subsidiary, Xiangxin (Dongguan) New Energy Technology Co., Ltd. This capital increase, with 30 million yuan as registered capital and the remainder as capital reserve, will support the "Dongguan Energy Storage, PV Inverter, and Power Battery Pack Production Base Construction Project." This project is part of a larger strategic realignment, reallocating 117.6563 million yuan of unutilized funds from a prior project to the Dongguan new energy project.

Concurrently, the company also approved a 1,500 million yuan facility for bill pool business with various banks, a 6,000 million yuan comprehensive credit line (with 207 million yuan for guarantees), and a 735 million yuan financial assistance loan to its associate, Dongguan Benteler Xiangxin Automotive System Co., Ltd. These measures aim to enhance liquidity, optimize capital use, and support the growth of its associate.

These financial decisions align with broader governance updates, including the election of new directors and independent directors to the Fifth Board, and revisions to company articles of association and internal management policies.