Ningbo Fangzheng Automobile Mould (300998.SZ) intends to increase capital by 15 million yuan to support business development.

Announcement from Ningbo Fangzheng Automobile Mould(300998.SZ): The company plans to convert 10 million yuan of debt into capital for Ningbo Fangzheng Automobile Mould Co., Ltd. (referred to as "Fangzheng parts"), and use 5 million yuan of its own funds to increase the capital of Fangzheng parts, with the total capital increase amounting to 15 million yuan. It is reported that the company's capital increase for its wholly-owned subsidiary Fangzheng parts will enhance its financial strength and support its business development.