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UY Laser has officially declared its intention to augment its capital investment in Sunwoda Power Technology Co., Ltd. by allocating 50 million yuan from its own reserves. This move will enable UY Laser to subscribe to 26,406,035 newly issued shares. Following the capital increase, UY Laser is poised to secure a 0.1874% equity stake in Sunwoda Power. The primary objective of this investment is to solidify the enduring strategic alliance between the two entities, delve deeper into the downstream lithium battery sector, and enhance their combined market presence. The pricing for this transaction was mutually agreed upon through negotiations, taking into account an evaluated company value of 25 billion yuan. Importantly, this deal does not fall under the category of a related-party transaction or a significant asset restructuring.
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