China Jushi Co., Ltd (600176.SH) plans to increase its investment in Jushi Huai'an by 500 million yuan to accelerate the construction of the Jushi Huai'an intelligent manufacturing base.

China Jushi Co., Ltd. (600176.SH) announced that its wholly-owned subsidiary, Jushi Group Co., Ltd. (referred to as "Jushi Group") and its wholly-owned subsidiary, Jushi Group Hong Kong Limited (referred to as "Jushi Hong Kong"), plan to jointly increase the capital of Jushi Group Huai'an Co., Ltd. (referred to as "Jushi Huai'an") by 500 million yuan in cash. Of this, 499.8834 million yuan will go towards the registered capital, and 11.66 million yuan will go towards the capital reserve. After the capital increase, the registered capital of Jushi Huai'an will change to 999.8834 million yuan. This capital increase by Jushi Group and Jushi Hong Kong in Jushi Huai'an will accelerate the construction of the intelligent manufacturing base in Jushi Huai'an, helping to further expand production capacity, improve profitability, market competitiveness, and industry status, in line with the company's development strategy and long-term plans.