Maoshuo Power intends to invest 50 million yuan in Maoshuo Technology

On February 19, Moso Power issued an announcement announcing a capital increase in its wholly-owned subsidiary Moso Technology Co., Ltd. This capital increase is to meet the operating and development capital needs of Maoshuo Technology and promote the healthy operation and sustainable development of the company and its subsidiaries as a whole.

Moso Power and its wholly-owned subsidiary Moso Energy Technology International Co., Ltd. plan to invest a total of RMB 50 million in cash to Moso Technology with their own funds, of which Moso Power plans to increase its capital by RMB 1 million and Hong Kong Moso plans to increase its capital by RMB 49 million.

After the capital increase is completed, Moso Power will hold 51.00% of the equity of Moso Technology, and Hong Kong Moso will hold 49.00% of the equity of Moso Technology, but Moso Technology will still be a wholly-owned subsidiary of the company.

The main business of Maoshuo Technology focuses on raw material procurement related businesses. It is currently in the business expansion period and has a large demand for funds. This capital increase will help Moso Technology accelerate its business expansion and obtain more development opportunities and cooperation opportunities.

Maoshuo Power supplies focus on the two major business areas of LED power supplies and consumer electronics power supplies. In terms of LED power supplies, Mosuo Power mainly provides outdoor high-power driving power supplies. The products are widely used in road lighting, industrial lighting, rail transit and airport station lighting, LED plant growth lights, high-power lighting in sports venues, landscape lighting, and large-space public lighting.

On November 26, 2024, Moso Power also announced two major investment plans: jointly investing with the controlling shareholders Jinan Chanfa Technology Group Co., Ltd. and Dongfang Xuneng Technology Development Co., Ltd. to establish Zhongshuo Technology Co., Ltd., Moso Power invested 41 million yuan, accounting for 4 1%; at the same time, Maoshuo Power and Jinan Chanfa Kexin Investment Partnership jointly increased the cash capital of RMB 65 million in Foyi Technology Co., Ltd., of which Maoshuo Power increased capital by RMB 15 million with its own funds.