CONCH MAT TECH (02560) announced that on April 8, 2026, investor Ningbo Industrial Investment Group Co., Ltd. entered into a capital increase and expansion agreement with the company. Under the agreement, the investor agreed to subscribe for registered capital of RMB 36.25 million in Ningbo Conch New Materials for a price of RMB 48.1255 million. Following the completion of this capital increase, the company's equity interest in Ningbo Conch New Materials will be diluted from 90.0% to 80.0%. As of the announcement date, Ningbo Conch New Materials is 90.0% owned by the company and 10.0% owned by the investor. The announcement stated that this capital increase will enable Ningbo Conch New Materials to optimize its capital structure, reduce its debt level, and improve operational quality. The board of directors believes that the capital increase will provide a solid foundation for the group to achieve overall stable operations and promote sustainable development.