EnergyTrend has learned that on August 14, Zhongheng Electric issued an announcement stating that its controlling shareholder, Hangzhou Zhongheng Technology Investment Co., Ltd., along with its shareholders Mr. Zhu Guoding and Ms. Bao Xiaoru, officially signed transaction documents including the Capital Increase Agreement and the Shareholders' Agreement Regarding Hangzhou Zhongheng Technology Investment Co., Ltd. with CATL.
Under the agreement, CATL plans to inject approximately RMB 4.1 billion into Zhongheng Technology Investment to subscribe to RMB 14,411,764.71 of newly added registered capital. Upon completion of the transaction, CATL will hold a 49% equity stake in Zhongheng Technology Investment.
The consideration for this capital increase consists of two parts: cash and equity. Specifically, CATL plans to pay RMB 3.51186 billion in cash, and contribute approximately 49% equity in Times Tianyuan (Shenzhen) Technology Co., Ltd. valued at RMB 588 million.
Upon completion of the capital increase, the registered capital of Zhongheng Technology Investment will increase from RMB 15 million to RMB 29,411,764.71. Among the shareholders, Mr. Zhu Guoding will hold 35.7%, Ms. Bao Xiaoru will hold 15.3%, and CATL will hold 49%. The controlling shareholder and actual controller of Zhongheng Technology Investment remain unchanged, still being Mr. Zhu Guoding.
The changes in the shareholding structure before and after the capital increase are as follows:
|
|
Before Capital Increase |
After Capital Increase |
||||
|
No. |
Shareholder Name (Before) |
Subscribed Registered Capital (RMB 10,000) |
Shareholding Ratio (%) |
Shareholder Name (After) |
Subscribed Registered Capital (RMB 10,000) |
Shareholding Ratio (%) |
|
1 |
Zhu Guoding |
1,050.000000 |
70.00 |
Zhu Guoding |
1,050.000000 |
35.70 |
|
2 |
Bao Xiaoru |
450.000000 |
30.00 |
Bao Xiaoru |
450.000000 |
15.30 |
|
3 |
- |
- |
- |
CATL |
1,441.176471 |
49.00 |
|
Total |
/ |
1,500.000000 |
100.00 |
/ |
2,941.176471 |
100.00 |
Source: Company Announcement
In addition to the equity cooperation, Zhongheng Technology Investment, Zhongheng Electric, CATL, and its subsidiary Times Tianyuan also signed a Strategic Cooperation Agreement .
According to the agreement, both sides will advance business synergies across three key directions:
Zhongheng Electric stated that this capital increase will help further leverage each party's core competitiveness and resource advantages, promote business synergy and strategic cooperation between CATL and Zhongheng Electric, integrate resource endowments, and empower the company's development.
Source：EnergyTrend