On May 25, the board of directors of Sunwoda reviewed and approved a proposal regarding the capital increase and share expansion of its subsidiary, Sunwoda Power. It agreed that 13 enterprises—including Gongrong Financial Investment, Yuanzhi Gongrong, Nongyin Investment, Zhongyou Investment, Jinyan Business Management, Deyang Investment Holdings, Regional Synergy Fund, Zhigu Investment, United Winners Laser, Yinghe Technology, Jiaxing Jixin, Yip's Chemical, and Luohu High-Tech Investment—would jointly invest a total of 1.6798 billion yuan to increase the capital of Sunwoda Power. These enterprises will collectively hold 6.30% of Sunwoda Power's shares, while Sunwoda's equity stake in Sunwoda Power will change from 29.00% to 27.18%.

On February 3, 2026, Fulin Precision Industrial Co., Ltd. announced that relevant proposals were reviewed and approved at the 31st meeting of the company’s fifth board of directors held on February 2. The company and Contemporary Amperex Technology Co., Limited (CATL) will jointly conduct a capital increase and share expansion for the controlling subsidiary, Jiangxi Shenghua New Materials Co., Ltd. According to the plan, Fulin Precision intends to convert its 500 million yuan debt in Jiangxi Shenghua into additional capital, subscribing to an increased registered capital of 406.504065 million yuan. CATL will increase capital by 747.141913 million yuan in cash, subscribing to an increased registered capital of 607.432450 million yuan.

[70 million yuan investment in lithium battery recycling] On May 17, Tianqi Automation Engineering Co., Ltd. issued an announcement regarding the capital increase and share expansion of its wholly-owned subsidiary and the introduction of investors. Due to operational and developmental needs, Jiangxi Miracle Golden Tiger Cobalt Co., Ltd., a wholly-owned subsidiary of Tianqi Automation Engineering Co., Ltd., plans to introduce Qingdao Huatie Xinneng Venture Capital Fund Partnership Enterprise as an investor through capital increase and share expansion. Qingdao Huatie Fund intends to subscribe to a 2.8% stake in Jiangxi Miracle Golden Tiger Cobalt for a consideration of 70 million yuan, with 3.6008 million yuan to be credited to the newly increased registered capital and the remaining 66.399176 million yuan to be credited to the capital reserve.

[Lithium Battery Recycling: Core Subsidiary of Miracle Auto's Lithium Battery Recycling Business Introduces Investment from Qingdao Huatie Fund] On May 17, 2025, Miracle Auto announced that Jiangxi Miracle Golden Tiger Cobalt plans to introduce Qingdao Huatie New Energy Venture Capital Fund Partnership (Limited Partnership) as an investor through capital increase and share expansion. Qingdao Huatie Fund intends to invest RMB 70 million to acquire a 2.8% stake in Miracle Golden Tiger Cobalt. Of this amount, RMB 3.6008 million will be recorded as additional registered capital, and the remaining RMB 63.9992 million will be recorded as capital reserve. The company has decided to waive its pre-emptive right to subscribe for this capital increase.

[CATL Reinvests in LFP Company] On the evening of March 10, Fulin Precision Machining (300432) announced that its controlling subsidiary, Jiangxi Shenghua New Material Co., Ltd. ("Jiangxi Shenghua"), plans to introduce strategic investor CATL through a capital increase and share expansion and sign the "Investment Agreement" and "Shareholders' Agreement.

[Lopal: Subsidiary Liyuan (Indonesia) Plans Capital Increase and Share Expansion to Introduce Investor LGES] Recently, Lopal announced that its third-tier subsidiary, Liyuan (Indonesia), plans to increase capital and expand shares to introduce investor LGES. LGES intends to subscribe to 255,930.64 newly issued ordinary shares of Liyuan (Indonesia) for $15.97 million, obtaining a 20% equity stake after the completion of the new share issuance. Upon completion of the transaction, Liyuan (Asia-Pacific)'s shareholding in Liyuan (Indonesia) will decrease from 100% to 80%, but Liyuan (Asia-Pacific) will remain the controlling shareholder of Liyuan (Indonesia).

[Ganfeng Lithium Plans to Introduce 500 Million Yuan for Lithium Battery Base Construction] On January 14, Ganfeng Lithium released the "Announcement on the Progress of Guarantee Involved in the Capital Increase and Share Expansion of the Holding Subsidiary Nanchang Ganfeng LiEnergy." The announcement, which has been approved by the shareholders' meeting, states that its wholly-owned subsidiary, Nanchang Ganfeng LiEnergy Technology Co., Ltd., plans to introduce an industrial fund of 500 million yuan established by the platform company of Xinjian District, Nanchang City, to be used for the new energy project construction in Xinjian District, Nanchang Ganfeng LiEnergy.