ShenZhen Longtu Photomask (688721.SH) plans to increase capital to its subsidiary Zhuhai Longtu by 100 million yuan.

Shenzhen Longtu Photomask (688721.SH) announced that its wholly-owned subsidiary, Zhuhai Longtu, is the main entity for the construction of the company's listed investment projects. In order to ensure the needs of the project construction and the smooth progress of related projects, strengthen the capital strength of Zhuhai Longtu, improve its operational capabilities, and enhance the company's strategic planning, the company plans to increase the capital of Zhuhai Longtu by 100 million RMB with its own funds. After this capital increase, the registered capital of Zhuhai Longtu will increase from 200 million RMB to 300 million RMB. After the capital increase is completed, the company will still hold 100% of the equity of Zhuhai Longtu, which will remain its wholly-owned subsidiary.