Meibang Shares Plans to Increase Capital by 80 Million Yuan and Establish Hong Kong Subsidiary

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Meibang Shares announced that its board of directors has approved a proposal to increase capital in its wholly-owned subsidiary Shaanxi Nuozheng Biotechnology Co., Ltd. by 80 million yuan, and to invest in establishing a wholly-owned Hong Kong subsidiary with registered capital of 500,000 Hong Kong dollars, with the company holding 100% equity.

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