Ordos: Additional Capital Injection of 600 Million into Polysilicon Company

On December 22, Ordos announced that the company and its related parties jointly increased capital by 600 million yuan to the majority-owned subsidiary, Polysilicon Company. Among them, the company's controlling shareholder, Cashmere Group, contributed 234 million yuan; the company's wholly-owned subsidiary, Dongyu Company, contributed 216 million yuan; and the company's majority-owned subsidiary, Electric Metallurgy, contributed 150 million yuan. After the capital increase, the registered capital of Polysilicon Company rose from 500 million yuan to 1.1 billion yuan, while the shareholding ratios of all shareholders remained unchanged. This related-party transaction has been approved by the board of directors and does not require submission to the shareholders' meeting for review.

According to SMM, the previously announced list of 10 majority-owned polysilicon companies under the polysilicon capacity integration platform—Beijing Guanghe Qiancheng Technology Co., Ltd.—did not include this company.