OK Technology plans to invest 64.32 million yuan to increase its stake in the subsidiary Youze New Materials, raising its ownership share to 61.13%.

On March 20, Ouke Technology Co., Ltd. (Securities Code: 001223, Securities Abbreviation: Ouke Technology) issued an announcement stating that the company plans to increase capital in its controlling subsidiary, Jiangxi Youze New Materials Technology Co., Ltd. (hereinafter referred to as “Youze New Materials”), by RMB 64.3233 million using its own funds. The purpose is to strengthen its control over Youze New Materials and advance the company’s strategic layout of a “devices + materials” model.

The announcement shows that on March 19, 2026, Ouke Technology held the 21st meeting of the second session of its board of directors, which deliberated and approved the “Proposal on Capital Increase to Jiangxi Youze New Materials Technology Co., Ltd., a Controlling Subsidiary.” According to the capital increase plan, the company will inject RMB 64.3233 million in cash, of which RMB 13.1619 million will be included in Youze New Materials’ registered capital and RMB 51.1614 million will be included in capital surplus. After the completion of this capital increase, Youze New Materials’ registered capital will increase from RMB 51.1551 million to RMB 64.3170 million, and Ouke Technology’s shareholding percentage will increase from 51.129% to 61.13%.

Youze New Materials is an enterprise focusing on R&D, production, and sales of high-end electronic information materials and new energy materials. It was established in April 2018, and its registered address is located in Industrial Park B, Lianhua County, Pingxiang City, Jiangxi Province. Its business scope includes R&D of new materials technology, R&D, design, and sales of industrial automation control equipment, and so on. Financial data shows that in recent years, Youze New Materials has maintained rapid growth in performance. In 2025, it achieved operating revenue of RMB 108 million, an increase of 13.40% compared with 2024; net profit of RMB 16.9745 million, an increase of 69.02% compared with 2024. As of December 31, 2025, the total assets of Youze New Materials reached RMB 188 million, and owners’ equity was RMB 112 million.

The pricing basis for this capital increase references factors including the development trends of the industry in which Youze New Materials operates, business plans, and performance growth. The capital increase price is set at RMB 4.89 per unit of registered capital. Another shareholder of Youze New Materials, Shenzhen Hanhong Huying Investment Co., Ltd., has clearly stated that it will forgo its rights to subscribe for this capital increase on a pro-rata basis. The changes in the equity structure before and after the capital increase are as follows:

According to the capital increase agreement, the funds from this capital increase will be used specifically for the development of Youze New Materials’ main business, including the purchase of production equipment related to polyimide film materials, technology R&D investments, market expansion, replenishment of working capital, and so on. Ouke Technology will pay the entire amount of the capital increase in a lump sum within 10 business days after the agreement becomes effective and after the internal decision-making procedures and the pre-filing procedures for industrial and commercial change registration have been completed for Youze New Materials. Youze New Materials must complete the industrial and commercial change registration procedures within 20 business days after receiving the capital increase funds.

Ouke Technology stated that this capital increase is beneficial for optimizing the company’s business and governance structure, improving the “devices + materials” model, enhancing Youze New Materials’ capital strength, and promoting its business development. After the completion of the capital increase, Youze New Materials will remain a controlling subsidiary of the company. Its financial statements will continue to be included in the company’s consolidated financial statements, and it is expected to bring positive impacts on the company’s financial position and operating conditions.

The announcement also pointed out that in actual operations, Youze New Materials may be affected by objective factors such as macroeconomic policies, industry policies, and market competition, and there is a certain degree of uncertainty. The company will closely monitor its operational and management situation and actively prevent and respond to risks that may arise during its development.

This capital increase matter is within the approval authority of the company’s board of directors; it does not require submission to the shareholders’ meeting for deliberation. It does not constitute a related-party transaction and does not constitute a major asset restructuring.

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