Wuxi Zhenhua announced that the company plans to increase capital by a total of 396 million yuan in cash to the four wholly-owned subsidiaries of Wuhan Zhenhua Hengshengxiang Auto Parts Co., Ltd., Wuxi Zhenhua Fangyuan Mold Co., Ltd., Zhengzhou Zhenhua Junrun Auto Parts Co., Ltd., and Shanghai Hengshenxiang Auto Parts Co., Ltd., and all capital increases will be included in the registered capital. After the capital increase is completed, the four target companies are still wholly-owned subsidiaries of the company, and the scope of the consolidated statement remains unchanged. The capital increase was reviewed and approved by the 22nd meeting of the 3rd board of directors of the company. There is no need to submit it to the shareholders' meeting for review. It does not constitute a related transaction or major asset restructuring. The registration of the registered capital changes and industrial and commercial changes of each target company still requires approval by the market supervision and administration department.

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.