Chongqing Zaisheng Technology (603601.SH) plans to increase its investment in its subsidiary, Chongqing Langzhi Rui.

Chongqing Zaisheng Technology (603601.SH) announced that the company plans to increase its capital in its subsidiary Chongqing Langzhi Rui New Material Technology Co., Ltd. ("Chongqing Langzhi Rui") together with related individuals Guo Mao and Feng Jie. The total amount of the capital increase is 15 million yuan, with each party subscribing at a price of 1 yuan per registered capital. Chongqing Zaisheng Technology intends to increase its capital by 7.5015 million yuan in cash according to its existing shareholding ratio of 50.01%, new individual shareholder Guo Mao will increase its capital by 6.4985 million yuan in cash, and new individual shareholder Feng Jie will increase its capital by 1 million yuan in cash. The original shareholder of Chongqing Langzhi Rui, Yan Meng, will not participate in this capital increase. After the capital increase, Chongqing Langzhi Rui will still be a subsidiary of the company.