Changjiang & Jinggong Steel Building (600496.SH) plans to increase capital to its subsidiary Zhejiang Jinggong by 150 million yuan.

Changjiang & Jinggong Steel Building (600496.SH) announced that, based on the company's development strategy, they will accelerate the implementation of the current business plan and future development needs, enhance the market competitiveness of its holding subsidiary Zhejiang Jinggong (the registered capital of a construction company is an important indicator of its strength and is also relevant in bidding and tendering business), supplement its operating capital, and strengthen its development capabilities. The company plans to increase the capital of Zhejiang Jinggong by 1.5 billion yuan using its own funds. After this capital increase, the registered capital of Zhejiang Jinggong will change from 12.08 billion yuan to 13.58 billion yuan.