AUPU Intelligent Technology Corporation (603551.SH) plans to reduce the registered capital of its wholly-owned subsidiary Zhejiang AUPU by 200 million yuan.

AUPU Intelligent Technology Corporation (603551.SH) issued an announcement that, in order to further rationalize the use of company resources and improve the efficiency of fund utilization, the company plans to reduce the capital of its wholly-owned subsidiary Zhejiang Aupu by 200 million yuan. After the reduction of capital, the registered capital of Zhejiang Aupu will be reduced from 300 million yuan to 100 million yuan. The company will still hold 100% equity of Zhejiang Aupu, and this will not result in any changes to the company's consolidated financial statements.