Jinjian Cereals Industry (600127.SH) plans to increase the capital of its wholly-owned subsidiary by 29 million yuan.

Jinjian Cereals Industry (600127.SH) announced that on March 27, 2025, the company held the thirty-eighth meeting of the ninth board of directors and the annual board meeting of 2024. The board approved the proposal for capital increase of its wholly-owned subsidiary, Hunan Jinjian Grain Reserve Management Co., Ltd., by providing RMB 29 million in cash. After this capital increase, the registered capital of Hunan Jinjian Grain Reserve Management Co., Ltd. will increase from RMB 48 million to RMB 77 million. The company will continue to hold 100% equity of Hunan Jinjian Grain Reserve Management Co., Ltd.