Haoneng Shares announced that its wholly-owned subsidiary, Chongqing Haoneng Transmission Technology Company Limited, has completed industrial and commercial registration for a capital increase, raising its registered capital from 270 million yuan to 770 million yuan. The company's board of directors approved the use of 500 million yuan in raised funds to increase capital in Chongqing Haoneng on June 25, 2026, and it remains a wholly-owned subsidiary after the increase. Chongqing Haoneng's legal representative remains Fu Ping, and its business scope covers the manufacturing of automotive parts and components, motorcycle parts and components, as well as the manufacturing and sale of gears and gearboxes.
Chengdu Haoneng Tech Co LtdParent company Haoneng Shares injects 500 million yuan into wholly-owned subsidiary Chongqing Haoneng, strengthening its capital base.