Lutong Technology announced that the company plans to use the overfunded capital of 40.2683 million yuan to transfer a total of 29.4773% of the shares of Chengrui Technology held by Jiang Jianjun and Suzhou Rongxiang Enterprise Venture Capital Partnership, and use the overraised capital of 60 million yuan to increase the capital of Chengrui Technology and obtain 30.5188% of the shares after the capital increase. After the transaction is completed, the company holds a total of 51% of Chengrui Technology's shares. The target company will become a holding subsidiary of the listed company and included in the scope of the listed companies' consolidated statements.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.