Zhaomin Technology announced that through two wholly-owned Singaporean subsidiaries, the company increased its capital to the wholly-owned Thai subsidiary HAJIME TECHNOLOGY CO., LTD., and increased its registered capital from 97.25 million baht to 540 million baht. The full amount of the capital increase was included in the registered capital. It has now completed the local capital increase registration in Thailand. The capital increase funds were used for the production development of the subsidiary company. After the capital increase, it is still a wholly-owned subsidiary of the company. It will not cause changes in the scope of consolidated statements and will not adversely affect the company's financial and operating conditions.

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.