Hangxiao Steel Structure (600477.SH) intends to increase the capital of its subsidiary Lankao Hangxiao.

Hangxiao Steel Structure (600477.SH) announced that the company plans to jointly increase the capital of its subsidiary Hangxiao Steel Structure (Lankao) Co., Ltd. (referred to as "Lankao Hangxiao") with its associated individual Cai Zhiheng. The total investment amount is 28 million yuan, with both parties subscribing at a price of 1 yuan/registered capital. Hangxiao Steel Structure will increase its capital by 27.86 million yuan in cash, while the individual shareholder Cai Zhiheng will increase his capital by 140,000 yuan in cash. One of the original shareholders of Lankao Hangxiao, Lankao City Urban Construction Investment Development Co., Ltd., will waive this capital increase. After this capital increase, Lankao Hangxiao will remain a subsidiary controlled by the company.