CITIC (00267): Citic Press Corporation (300788.SZ) completes a capital increase of 100 million yuan to China Economic Publishing House.

CITIC (00267) announced that Citic Press Corporation (300788.SZ) held the twelfth (extraordinary) meeting of the fifth board of directors on August 1, 2023, and approved the "Resolution on Joint Investment and Related Transactions with Related Parties." It plans to jointly invest in China Economic Information Society Limited (referred to as "CEIS") with related parties CITIC Investment Holdings Limited (referred to as "CITIC Investment Holdings") and CITIC SEC Investment Co., Ltd. (referred to as "CITIC SEC Investment"). The total joint investment will not exceed 300 million yuan, of which Citic Press Corporation plans to invest no more than 100 million yuan with its own funds. Recently, Citic Press Corporation signed a "Capital Increase and Equity Transfer Agreement" with CEIS and its equity transferor. The company's investment this time will be in the form of capital increase, share expansion, and equity transfer, with a self-funded investment of 100 million yuan. After the completion of this transaction, the company will hold 1.2406% of the equity in CEIS. As of the disclosure date of this announcement, the company has completed the payment of the investment consideration. CITIC Investment Holdings and CITIC SEC Investment have each contributed 100 million yuan to CEIS, holding 1.2406% of the equity respectively. The equity structure of CEIS after this round of financing will be based on the information publicly available after the completion of property transaction exchange and industrial and commercial registration changes.