On December 10, 2025, Do-Fluoride New Materials Co., Ltd. convened the 34th session of its seventh board of directors. During this meeting, a proposal was greenlit to infuse an additional RMB 1 billion in capital into its controlling subsidiary, Guangxi Ningfu New Energy Technology Co., Ltd. Specifically, RMB 833 million of this amount will be earmarked as new registered capital, while the remaining RMB 167 million will be allocated to capital reserves. Post-capital increase, Guangxi Ningfu's registered capital will escalate from RMB 2.625 billion to RMB 3.459 billion. Consequently, Do-Fluoride's stake in the subsidiary will climb from 70.2916% to 77.4494%. It's worth noting that this capital increase represents a related-party transaction, with other shareholders opting to forgo their preemptive rights. However, final approval from the shareholders' meeting is still pending.