Ganzhao Optoelectronics increased capital of 200 million yuan to Yangzhou wholly-owned subsidiary

Ganzhao Optoelectronics announced that in order to enhance the business development capability and financial strength of its wholly-owned subsidiary Yangzhou Ganzhao Optoelectronics Co., Ltd. (hereinafter referred to as “Yangzhou Dry Photo” or “Subsidiary”), the company’s rapid development and dry photos will be realized. Optoelectronics intends to increase the capital of the subsidiary by 200 million yuan. After the capital increase, the registered capital of the subsidiary will increase to 280 million yuan.

Yangzhou Ganzhao has increased its capital by RMB 200 million, which is divided into three parts. First, the company increased the capital of the land use right and the above-ground real estate auctioned in Yangzhou by an auction price of 49,943,400. Second, the company increased its capital by 25 million yuan. It is Yangzhou Ganzhao that transferred capital to the capital reserve of 125,566,000 yuan.

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