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On October 29, 2025, Zhejiang Xiantong disclosed that its second-largest shareholder, Li Qifu, entered into a capital increase agreement with Qiteng Robot on October 28. Under this agreement, Li Qifu plans to invest RMB 130 million to subscribe to Qiteng Robot's newly increased registered capital of RMB 1.9715 million. Additionally, the two parties have signed a supplementary agreement, which specifies that within seven months after Li Qifu completes the payment for the capital increase, he will assist Zhejiang Xiantong in establishing an initial production capacity capable of manufacturing over 1,000 Qiteng explosion-proof robots annually. Furthermore, Li Qifu will provide training for technical workers. Under equivalent conditions, Zhejiang Xiantong's production capacity requirements in the Yangtze River Delta region will be given priority.
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