Donghua Energy (002221.SZ): Subsidiary Maoming Carbon Fiber Plans to Increase Capital and Shares and the Company Waives Its Priority Subscription Rights

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Gelonghui, March 3 — Donghua Energy (002221.SZ) announced that its wholly owned subsidiary, Donghua Energy (Maoming) Carbon Fiber Co., Ltd. (referred to as “Maoming Carbon Fiber” or the “Target Company”), plans to introduce Maoming Fucai Equity Investment Fund Partnership (Limited Partnership) (referred to as “Fucai Fund”) to increase capital by 300 million yuan in cash. The funds will mainly be used for the construction and operation of the “Donghua Energy 10,000-ton Carbon Fiber Project.” This capital increase is a measure by the company to strengthen Maoming Carbon Fiber’s financial strength and enhance its overall competitiveness, aligning with the company’s development goals and not harming the interests of the company or shareholders. After the capital increase, the company will hold a 66.6667% stake in Maoming Carbon Fiber and remain the controlling shareholder, maintaining actual control over Maoming Carbon Fiber.

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