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Evergrande High-Tech: Plans to increase capital by 50 million yuan for its wholly owned subsidiary
Evergrande High-Tech Announcement: According to the company’s strategic development plan, in order to further support the business development of its wholly-owned subsidiary Shenzhen Baole Interactive Technology Co., Ltd., optimize its capital structure, reduce the debt-to-asset ratio, enhance its ability to finance independently and withstand risks, and strengthen its competitive edge, the company intends to increase its investment in Baole Interactive by 50 million yuan using its own funds. After this capital increase is completed, Baole Interactive will still be a wholly-owned subsidiary of the company, and its registered capital will change from 30 million yuan to 80 million yuan.