Hangzhou Century (300078.SZ) plans to subscribe for no more than 50 million yuan of Code Age Technology's non-publicly issued shares.

Hangzhou Century (300078.SZ) Announcement: The company plans to subscribe to 14.2857 million shares of Zhejiang Mashang Technology Co., Ltd. ("Mashang Technology", listed on the national SME share transfer system) with its own funds, at a subscription price of 3.5 yuan per share, with a subscription amount not exceeding 50 million yuan (including the principal). It is expected that after the completion of this transaction, the company's shareholding will account for 17.68% of Mashang Technology's total shares. The announcement shows that Mashang Technology focuses on product anti-counterfeiting and traceability supervision in the field of digital identity management technology. It provides one-stop intelligent product identity information application services for many well-known brand enterprises, integrating the full process traceability of goods from procurement, production, processing, warehousing, distribution, and sales. The announcement states that the company's external investment and related transactions this time are beneficial for the company to fully meet the needs of the domestic market, build an RFID Internet of Things application ecosystem, cultivate new revenue growth points for the company through strategic synergies, and drive the company's existing industries, creating significant synergies and enhancing overall production and sales.