[Lithium Battery Recycling: Jiangxi Miracle Golden Tiger Cobalt, the Core Subsidiary of Miracle Automation's Lithium Battery Recycling Business, Introduces Investment from Qingdao Huatie Fund]
Miracle Automation announced that Jiangxi Miracle Golden Tiger Cobalt will introduce investment from Qingdao Huatie Fund. Qingdao Huatie Fund intends to invest RMB 70 million to acquire a 2.8% stake in Miracle-Jiangxi Miracle Golden Tiger Cobalt. Among this, RMB 3.6008 million will be included in the newly added registered capital, and the remaining RMB 66.3992 million will be recorded as capital reserve. The company has waived its pre-emptive right to this capital increase.