Zhejiang Dongwang Times Technology (600052.SH) plans to jointly increase the capital of Dongwang Intelligence with Fu Chuang Information by 40 million yuan.

Zhejiang Dongwang Times Technology (600052.SH) announced that the company plans to increase its capital with the company's second largest shareholder, Dongyang Fuchuang Information Technology Co., Ltd. (referred to as "Fuchuang Information"), in Zhejiang Dongwang Times Technology Data Intelligence Technology Co., Ltd. (referred to as "Dongwang Data Intelligence"). This time, Zhejiang Dongwang Times Technology plans to increase its capital by 20.4 million yuan, while Fuchuang Information plans to increase its capital by 19.6 million yuan. This capital increase is in proportion, and the proportion of shares held by Zhejiang Dongwang Times Technology and Fuchuang Information in Dongwang Data Intelligence remains unchanged before and after the increase. After the capital increase is completed, Zhejiang Dongwang Times Technology will still hold 51% of the equity in Dongwang Data Intelligence. Dongwang Data Intelligence will rely on Zhejiang Dongwang Times Technology's current campus hot water service, fully utilize the shareholders' deep accumulation and rich experience in the payment field, and provide comprehensive services integrating payment functions, life services, and digital management around campus life scenes. On this basis, the company will also actively expand the application of payment business in other scenarios, provide full-scenario acquiring business support, meet customers' diversified payment and collection needs, and enhance the company's overall competitiveness.