Upstream Direct Coverage of Shareholders' Meeting | Zhixin Co., Ltd. Holds Its First Shareholders' Meeting After Listing, Plans to Expand Production with a Budget of No More Than 1.1 Billion Yuan

On March 4th, Chongqing’s first new stock of the year, ZhiXin Co., Ltd. (603352), held its first extraordinary shareholders’ meeting for 2026 in Chongqing. The meeting approved various proposals with high votes, including a plan to invest no more than 1.1 billion yuan to build an automotive stamping and welding parts project in Jinhua, Zhejiang. This was ZhiXin Co., Ltd.‘s first shareholders’ meeting since its listing on the Shanghai Main Board on January 15th of this year.

ZhiXin Co., Ltd. First Shareholders’ Meeting.

Reporters from Upstream News observed that the meeting was held at 2 p.m. that day at the company’s headquarters in Changhui Road, Yuzui Town, Liangjiang New Area, Chongqing. Chairman Chen Zhiyu presided over the meeting, with senior executives including General Manager Feng Yu in attendance. The meeting approved the proposals to change the company’s registered capital, type, and address, as well as to invest in the construction of the automotive stamping and welding parts project.

Additionally, ZhiXin Co., Ltd. plans to increase its capital in Jinhua ZhiXin Technology Co., Ltd. (“Jinhua ZhiXin”), a wholly-owned subsidiary established in March 2025, to support nearby supporting facilities for Huadong region and surrounding areas, including Leap Motor. After the capital increase, Jinhua ZhiXin’s registered capital will not exceed 100 million yuan, and it will serve as the project implementation entity to invest in the “Automotive Stamping and Welding Parts Project,” with a total planned investment of no more than 1.1 billion yuan.

Feng Yu, General Manager of Chongqing ZhiXin Industrial Co., Ltd.

ZhiXin Co., Ltd. signed investment agreements, land agreements, and other related agreements with the Wucheng District Government of Jinhua City, Zhejiang Province. The planned land use is about 100 acres, with an expected start date of July 1, 2026, and a construction period of 36 months.

This project is an expansion and industrial upgrade initiative focused on lightweight automotive stamping and welding parts and automotive seat frame production. The project mainly targets new energy markets such as Leap Motor, aiming to support the company’s development in large-scale lightweight automotive parts and seat frames by building related manufacturing and quality inspection facilities.

Reporters from Upstream News: Liu Yong, Intern Wang Lei