Liuzhou Lingte Power Technology Co., Ltd. announce that it has entered into a capital increase agreement with returning investor IAT Automobile Technology Co., Ltd. (SZSE:300825) for CNY 96,000,000 in an equity round of funding on November 5, 2020. Post completion of the transaction, the registered capital will increase from CNY 143,166,257.26 to CNY 239,166,257.26, and the investor's stake will increase from 50% to 70.07%. The transaction has been approved by the board of directors of the investor at its 32nd meeting of the 3rd directorate and the 23rd meeting of the 3rd supervisory board and is not subject to its shareholders' approval.