Pret Composites sub-subsidiary secures investment for sodium-ion battery initiatives

Shanghai Pret Composites, through its controlling sub-subsidiary Guangdong Haosida Naxing Technology, is bringing in Yangzhou Xingjian Equity Investment Partnership and Guangzhou Baiyun New Momentum Venture Capital Investment Fund Partnership as strategic investors. Xingjian Fund will inject 98 million yuan, increasing Haosida Naxing's registered capital by 32.6667 million yuan for a 13.48% stake. New Momentum Fund will invest 28 million yuan, adding 9.3333 million yuan to the registered capital for a 3.85% stake.

Existing shareholder Guangzhou Guoyan No. 1 Investment Partnership will also contribute 1 million yuan, increasing Haosida Naxing's registered capital by 0.3333 million yuan, bringing its total ownership to 8.39% after the capital increase. Following these transactions, Haosida Naxing's registered capital will rise from 20 million yuan to 242.3333 million yuan.

Shanghai Pret Composites' indirect equity in Haosida Naxing will adjust from 60% to 49.52%, but Haosida Naxing will remain a controlling sub-subsidiary, ensuring no change to the company's consolidated financial statements. The company has waived its preferential subscription right, a decision made to align with its overall strategic planning and optimize capital allocation.