Shenzhen Xunjiexing Technology Corp. (688655.SH) plans to increase its capital to its subsidiary Jiexing Intelligent Manufacturing by 49.9 million yuan.

Shenzhen Xunjiexing Technology Corp. (688655.SH) announced that in order to further optimize the company's organizational management structure, clarify the goals and responsibilities of the company and its subsidiaries, separate production and management functions, and enhance the overall operational efficiency of the company, the company plans to transfer some assets related to the PCB production manufacturing process in the existing business to its wholly-owned subsidiary, Jiexing Intelligent Manufacturing, based on the actual net book value. To ensure the subsequent production and operation of Jiexing Intelligent Manufacturing, the company plans to increase the capital of Jiexing Intelligent Manufacturing by 49.9 million yuan with its own funds, increasing its registered capital from 100,000 yuan to 5 million yuan after the capital increase.