Jiangsu Dagang (002077.SZ) subsidiary plans to increase capital by 90 million yuan in Aike Integrated to expand production capacity.

Jiangsu Dagang (002077.SZ) announcement, the company plans to use its own funds of 90 million yuan through its wholly-owned subsidiary Shanghai Minai Semiconductor Co., Ltd. (referred to as "Shanghai Minai") to increase the subscription of Jiangsu Aike Integrated Circuit Co., Ltd. (referred to as "Aike Integrated") by 37.1526 million yuan, with the remaining amount being added to Aike Integrated's capital reserves. After the capital increase, Aike Integrated's registered capital will increase from 10 million yuan to 47.1526 million yuan, with Shanghai Minai holding 78.79% of Aike Integrated's equity. Aike Integrated will become a subsidiary of Shanghai Minai and be included in the company's consolidated financial statements. The capital increase will mainly be used by Aike Integrated to purchase high-performance and high-reliability chip testing equipment to expand production capacity. The announcement shows that Aike Integrated mainly operates in the integrated circuit testing business, which is consistent with the main business of Shanghai Minai, a wholly-owned subsidiary of the company. Aike Integrated is a wholly-owned subsidiary of Jiangsu Aike and is the only operational entity of integrated circuit testing business under Jiangsu Aike. In order to promote industrial transformation and development, Jiangsu Aike has decided to merge the integrated circuit testing business into Aike Integrated for operation, while Jiangsu Aike will focus on asset management and other non-testing business as its main business. The controlling stake in Aike Integrated through this capital increase will help the company further focus on its core testing business and achieve better synergies.