Maxicity Holdings Limited (Hong Kong) (Hong Kong SAR, China)

Maxicity Holdings Limited is a company located in Hong Kong. It was incorporated on September 18, 2014, under the name Jinhe Lithium Battery. The company received non-monetary assets as capital from Jinhe New Materials. These assets, including machinery, transportation equipment, electronic equipment, and intangible assets such as ERP software, were evaluated by the assessment agency Wanglong (Shanghai) Asset Appraisal Co., Ltd. The total assessed value was 40.241 million yuan. The company's actual controlling shareholder, Mr. Bai Houshan, acquired control of Jinhe Lithium Battery through direct and indirect capital increases. On September 26, 2014, the company's registered capital was increased from 40 million yuan to 160 million yuan through a resolution passed by the shareholders' meeting. Shanghai Rongbai, Bai Houshan, and Yuyao Yongrong Trading Co., Ltd. (later renamed Ningbo Farong Investment Co., Ltd.) subscribed to 74 million yuan, 30 million yuan, and 16 million yuan in monetary funds, respectively, at a price of 1 yuan per registered capital. On September 30, 2014, Jinhe Lithium Battery completed a business change registration with the Yuyao Market Supervision Administration.