Duofuduo issued a public announcement stating that the company intends to augment the capital of its majority-owned subsidiary, Guangxi Ningfu New Energy Technology Co., Ltd., by a substantial sum of 1 billion yuan, thereby elevating its registered capital. Upon the completion of this capital infusion, Duofuduo's ownership stake in Guangxi Ningfu will ascend from 70.2916% to 77.4494%. The primary objective behind this capital increase is to foster the robust and swift expansion of the company's new energy battery business division, guided by a precise and meticulously crafted development strategy.
