Jiangsu Changshu Automotive Trim Group (603035.SH) plans to increase capital by 7 million euros to WAY Business.

Jiangsu Changshu Automotive Trim Group (603035.SH) announced that, based on its strategic development plan and the need to expand its European business, the company intends to strengthen the capital strength of its wholly-owned subsidiary WAY Business Solutions GmbH (referred to as "WAY Business") by injecting 7 million euros in capital from its own funds. After this capital increase, the company will still hold 100% equity in WAY Business. This capital increase for WAY Business will help reduce its debt-to-assets ratio, ensure its financing capability, enhance its risk resistance, and facilitate its better development. It is in line with the needs of the company's European market business development and will not harm the interests of the company and its shareholders.