Suzhou Recodeal Interconnect System (688800.SH) plans to increase capital by 35 million RMB to expand the application of high-speed connector products.

Suzhou Recodeal Interconnect System (688800.SH) announced that the company, together with original partial shareholders and new shareholders of Suzhou Ruichuang Connection Technology Co., Ltd. (hereinafter referred to as "Suzhou Ruichuang"), plans to increase the capital of Suzhou Ruichuang. The total amount of capital increase is 65 million yuan, of which the company will subscribe for 35 million yuan. The company has the right to recommend 3 director candidates. After this capital increase is completed, the company will hold 60.61% equity of Suzhou Ruichuang, making Suzhou Ruichuang a subsidiary of the company and included in the company's consolidated financial statements. It is reported that Suzhou Ruichuang mainly engages in high-speed cable assembly and other high-speed connector related businesses. The participation in this capital increase will enhance Suzhou Ruichuang's financial strength and operational capabilities, promote Suzhou Ruichuang to better achieve its business goals, and further expand the company's high-speed connector product applications, continuously expanding the depth and breadth of cooperation areas.