NEW FOCUS AUTO (00360) announced that on November 17, 2025, NuFox Optoelectronics (Shanghai), an indirect wholly-owned subsidiary of the company, entered into a capital increase agreement with Zhongrong Juxin (as the investor). Under the agreement, Zhongrong Juxin agreed to invest RMB 100 million (approximately USD 14 million) in NuFox Optoelectronics (Shanghai) for a 10.0% equity stake.

Upon completion of the investment, NuFox Optoelectronics (Shanghai) will be approximately 90.0% and 10.0% owned by the group and Zhongrong Juxin, respectively. NuFox Optoelectronics (Shanghai) will remain a subsidiary of the company, and its financial results will continue to be consolidated in the group's financial statements.

NuFox Optoelectronics (Shanghai), the group's manufacturing arm, primarily engages in the production and sales of automotive electronic products, including inverters, chargers, multi-function power supplies, and coolers/warmers. The capital injection will enable NuFox Optoelectronics (Shanghai) to introduce a new shareholder, providing additional capital for its growth and development.

Considering Zhongrong Juxin's business resources, the board believes the investor will bring new synergistic business development opportunities to the group's member companies—particularly NuFox Optoelectronics (Shanghai)—while offering operational and business support to enhance the group's overall performance.