Shanghai Ziyan Foods (603057.SH) plans to increase the capital of its subsidiary Hainan Yun Zi by 480 million yuan.

Shanghai Ziyan Foods (603057.SH) announced that in order to meet the strategic development plan of the company and the business development needs of its wholly-owned subsidiary Hainan Yunzi, the company held the ninth meeting of the second board of directors on February 12, 2025, and approved the proposal to increase the capital of its wholly-owned subsidiary. The company plans to increase the capital of Hainan Yunzi by RMB 480 million with its own funds. After this capital increase, the registered capital of Hainan Yunzi will increase from RMB 120 million to RMB 600 million, and Hainan Yunzi will remain a wholly-owned subsidiary of the company after this capital increase.