Naipu Mining Machinery (300818): Increase capital in Tibet subsidiary – CFi.CN China Finance Network

Original title: Naipu Mining Machinery: Announcement on the Capital Increase in Tibet Subsidiary

Securities code: 300818 Securities abbreviation: Naip Mining Machinery Announcement Number: 2024-046 Bond code: 123127 Bond abbreviation: Naip Convertible Bonds
Jiangxi Naipu Mining Machinery Co., Ltd.
Announcement on the capital increase of Tibet subsidiary
The Company and all members of the Board of Directors guarantee that the contents of the announcement are true, accurate and complete, and that there are no false records, misleading statements or major omissions.1. Overview of capital increase
Jiangxi Naipu Mining Machinery Co., Ltd. (hereinafter referred to as the “Company”) held the 14th meeting of the fifth board of directors on April 24, 2024, and reviewed and approved the “Proposal on Increasing Capital Increase in Tibet Subsidiary” and agreed that the company would There are funds to invest an additional 25 million yuan in Tibet Naipu Mining Machinery Co., Ltd. (hereinafter referred to as “Tibet Naipu”) to build workshops, office buildings, etc., and build the company’s future production base in Tibet.

According to the “Shenzhen Stock Exchange GEM Stock Listing Rules” and the “Articles of Association of Jiangxi Naipu Mining Machinery Co., Ltd.” and other relevant regulations, this external investment is within the deliberation authority of the company’s board of directors and does not need to be submitted to the shareholders’ meeting for review. This project investment agreement does not constitute a related transaction, nor does it constitute a major asset reorganization as stipulated in the “Administrative Measures for Major Asset Reorganization of Listed Companies”.

2. Basic information on the subject of this capital increase
Company name: Tibet Naipu Mining Machinery Co., Ltd.
Registered capital: 5 million yuan
Shareholder information: The company holds 100% of the shares
Unified social credit code: 91540091MACQD4EP8C
Registration date: July 26, 2023
Company address: Lhasa Economic and Technological Development Zone
Major financial indicators for the latest period (unaudited):
Unit: 10,000 yuan

3. The purpose, method and impact of this capital increase
1. Purpose of capital increase
The Tibet Autonomous Region is an area rich in mineral resources in China, especially copper resource reserves. The Tibet Autonomous Region has large mining companies such as Tibet Mining, Tibet Julong Copper Mine, and Tibet Huatailong Mining. Moreover, the copper mines in Tibet are currently in the stage of large-scale development. In order to better serve mine users in Tibet and respond to customer needs in a timely manner, the company registered and established a wholly-owned subsidiary, Tibet Naipu, on July 26, 2023, with a registered capital of 5 million yuan renminbi. Mainly engaged in mining machinery manufacturing and sales, technical services, development, consulting, communication, cargo import and export, warehousing services, etc.

At the same time, the company has obtained the right to use 1 hectare of state-owned construction land in the Lhasa Economic and Technological Development Zone in September 2023 for the construction of the company’s production base in Lhasa. The company has planned and built production and service bases in advance, taking advantage of its product performance and service advantages to effectively occupy the market in the future.

2. Method of this capital increase
This time, Tibet Naipu will increase capital in cash, and the source of funds will be the company’s own funds. As of mid-April 2024, the main project of the Tibet production base project has been accepted, and it is planned to complete the factory construction and put into production by the end of 2024. In order to speed up the project construction progress, it is planned to invest an additional 25 million yuan in Tibet Naipu, for a total investment of 30 million yuan. This capital increase will be mainly used for subsequent decoration and equipment purchase.

3. The impact of this capital increase
This capital increase in Tibet Naipu is based on the company’s development planning needs and is in line with the company’s overall development strategy and the long-term interests of shareholders. This capital increase is completed, and the company still holds 100% of the equity of Tibet Naipu, and the equity structure has not changed before and after the capital increase. The company will invest in Tibet Naipu in batches based on the construction progress and operating conditions. It will not have an adverse impact on the company’s financial status and operating conditions, and will not harm the interests of the company and shareholders.

4. Documents available for inspection
1. Resolution of the 14th meeting of the fifth board of directors;
Special announcement.

Board of Directors of Jiangxi Naipu Mining Machinery Co., Ltd.
April 25, 2024

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