Transsion Holdings announced that its wholly-owned subsidiary Shenzhen Zhanxiang Information Technology Co., Ltd. intends to increase capital in its holding subsidiary Shenzhen Titanium Energy Technology Co., Ltd. with RMB 70 million in cash, and Shenzhen Xinju Huineng Enterprise Management Consulting Partnership (Limited Partnership), another shareholder of Titanium Energy, intends to increase capital in equal proportion with RMB 30 million in cash. After the capital increase, the equity ratios of Zhanxiang Information and Xinju Huineng in Titanium Energy remain unchanged at 70% and 30%. This capital increase is mainly used to supplement the funds needed for the development of Titanium Energy's business and promote the company's strategic layout of expanding its product categories.