BRETON (01333) announced on December 2, 2025, that the company, its wholly-owned subsidiary BRETON Intelligence, BRETON Investment, Mr. Bai Furu, Mr. Cui Hongyang, and Mr. Huang Haike entered into a capital increase agreement. Under the agreement, the company will contribute RMB 24 million in cash, BRETON Investment will contribute RMB 3 million, Mr. Cui Hongyang will contribute RMB 6 million, Mr. Huang Haike will contribute RMB 4 million, and Mr. Bai Furu will contribute RMB 3 million, totaling RMB 40 million to increase the capital of BRETON Intelligence. Prior to the capital injection, BRETON Intelligence was a wholly-owned subsidiary of the company. After the capital increase, BRETON Intelligence's registered capital will rise from RMB 10 million to RMB 50 million, with the company holding approximately 68%, BRETON Investment holding 6%, Mr. Cui Hongyang holding 12%, Mr. Huang Haike holding 8%, and Mr. Bai Furu holding 6%. Although the company's stake in BRETON Intelligence will decrease from 100% to about 68%, BRETON Intelligence will remain a subsidiary and continue to be consolidated into the group's financial statements. BRETON Intelligence primarily engages in technical services, R&D, artificial intelligence applications, manufacturing and sales of intelligent vehicle equipment and mining machinery, as well as providing solutions related to smart control system integration, computer system services, and engineering research, with a focus on innovation in intelligent mining and automation scenarios. Following the capital injection, BRETON Intelligence will effectively integrate resources from all shareholders and concentrate on advancing the R&D and deployment of autonomous mining trucks in mining areas. The announcement stated that the capital increase will enhance BRETON Intelligence's financial strength, laying a solid foundation for its smart mining and automation-related businesses, while aligning with the strategic development plans of BRETON Investment and other investors. Additionally, the introduction of external funding will further optimize its equity structure, improve corporate governance, promote long-term stable growth, and ultimately strengthen the company's core competitiveness for sustainable high-quality development.