HCPECT: Plans to increase capital by 12 million yuan to acquire 54.55% equity in Qingdao Huicheng Chemical Co., Ltd

HCPECT announced that the company plans to invest in Qingdao Huicheng Chemical Co., Ltd. using its own or raised funds. After the capital increase is completed, Huicheng Chemical's registered capital will increase from 10 million yuan to 22 million yuan, and HCPECT will hold 54.55% of the equity in Huicheng Chemical, which will be included in the company's consolidated financial statements. Huicheng Chemical was established in November 2022 with a registered capital of 10 million yuan, and Huicheng Xinde holds 100% of its equity. The main financial data for Huicheng Chemical in the past year shows total assets of 60.2923 million yuan, total liabilities of 50.6847 million yuan, total owner's equity of 9.6076 million yuan, operating income of 0 yuan, and a net profit of -392,400 yuan. This transaction constitutes a related party transaction but does not constitute a major asset reorganization, does not constitute a restructuring listing, and does not require approval from relevant authorities