ChengDu Hi-Tech Development Co LtdPlans 50M yuan capital increase in Yicheng Technology, a related-party transaction with uncertain returns.

Gaoxin Development announced that the company intends to jointly invest in Yicheng Technology through a capital increase with related parties Ceyuan Youchan, Ceyuan Guangyi Electronics, and other investors. The company will contribute 50 million yuan in cash and subscribe to 526,798 yuan of newly increased registered capital. After the capital increase is completed, it is expected to hold no more than 0.54 percent of the target company's shares. This transaction constitutes a related-party transaction and has been approved by the board of directors, without the need for submission to the shareholders' meeting for review. The target company is mainly engaged in integrated circuit packaging and testing business, is currently in the market expansion stage, has sustained operating losses, and faces uncertainty risks in investment gains and losses.
ChengDu Hi-Tech Development Co LtdPlans 50M yuan capital increase in Yicheng Technology, a related-party transaction with uncertain returns.
Target company receives capital increase but has sustained losses and market expansion stage.
Related party participating in capital increase, no direct impact detailed.
Related party participating in capital increase, no direct impact detailed.