Liangxin Shares announced that its board of directors has approved a proposal to increase the capital of its wholly-owned subsidiary Shanghai Smart Liangxin Technology Services Co., Ltd. The company plans to inject 300 million yuan of its own funds. After the capital increase, Smart Liangxin's registered capital will rise from 50 million yuan to 350 million yuan, and the company will still hold a 100% stake. The funds will be used for Smart Liangxin's business development and daily operations, aligning with the company's strategic development plan and not having a material adverse impact on its financial position or operating results.
Shanghai Liangxin Electrical Co LtdCompany injects 300 million yuan into subsidiary for business development, no material adverse impact on financials.