Jiangfeng Electronics plans to increase capital by 49.5 million yuan to build an industrial chain for the application of PVD coating technology.

On January 13, Jiangfeng Electronics announced that the company plans to sign a "capital increase agreement" with Ningbo Haichuang Zhanrui, and the company plans to increase its capital to Ningbo Haichuang Zhanrui with its own capital of 49.5 million yuan.

According to Tianyan check, on December 23, 2020, Yuyao Yaojiang Science and Technology Investment and Development Co., Ltd. jointly with Mr. Yao Lijun and Ningbo Haichuang Tonghui Investment Center (limited partnership) initiated the establishment of Ningbo Haicuang Zhanrui Equity Investment Partnership (limited partnership) (hereinafter referred to as "Ningbo Haichuang Zhanrui"). The total contribution of Ningbo Haicuang Zhanrui is 160 million yuan.

Among them, Yao Lijun contributed 111.9 million yuan, accounting for 69.94%, Yuyao Yaojiang Science and Technology Investment and Development Co., Ltd. contributed 48 million yuan, accounting for 30%, and Ningbo Haichuang Tonghui Investment Center (limited partnership) contributed 100000 yuan, accounting for 0.06%.

After this capital increase, the total contribution of Ningbo Haicuang Zhanrui will be changed to 209.5 million yuan. Jiangfeng Electronics is the limited partner of Ningbo Haicuang Zhanrui, holding 23.63% of its partnership share. The shares held by Yao Lijun, Yuyao Yaojiang Science and Technology Investment and Development Co., Ltd., and Ningbo Haichuang Tonghui Investment Center (limited partnership) are 53.41%, 22.91% and 0.05%, respectively.

Jiangfeng Electronics said that the purpose of this overseas investment is to improve the company's strategic layout, create an industrial chain for the application of high-purity metal materials and PVD (physical vapor deposition) coating technology, enhance the company's core competitiveness, and create an ecological environment for sustained and healthy development.