Yantai Wanhua 51 million increased capital Wanhua thermoelectric

Yantai Wanhua (600309) announcement, will be the holding subsidiary of the Ningbo Grand Champs Development Zone Wanhua Industrial Park Thermoelectric Co., Ltd. to increase capital.　　Wanhua Thermoelectricity was established in August 2003, registered capital of 150 million yuan, of which Yantai Wanhua investment capital of 76.5 million yuan, the contribution ratio of 51%. In order to meet the development needs of Ningbo Wanhua Industrial Park in two phases, Wanhua thermoelectric will increase investment estimates about 150 million yuan, Ningbo Wanhua Industrial Park Two period after the production, the company will further improve the production capacity, the efficiency will be further enhanced, so Wanhua thermoelectric with the shareholders in consultation, according to the company when the proportion of capital increase together 100 million yuan　　, Yantai Wanhua will be in accordance with the proportion of capital increase of 51 million yuan. In addition, the company's Ningbo factory began on May 15 routine overhaul, now repair work has been completed, the device to restore normal production, has produced qualified products. (Nan)