EXTREME VISION (06636) plans to inject RMB 138 million in capital increase into Hengqin EXTREME VISION.

EXTREME VISION (06636) announced that the board of directors has considered and passed a resolution regarding the proposed capital increase by the Company of RMB 138 million in Hengqin EXTREME VISION. Upon completion of the capital increase, the Company will continue to hold 100% equity interest in Hengqin EXTREME VISION. The capital increase amount will be paid by the Company using its own funds. The directors believe that the capital increase will help Hengqin EXTREME VISION enhance its capital strength and consolidate its development foundation, improve its market competitiveness and achieve sustainable development. Accordingly, the directors believe that the capital increase is in the overall interests of the Company and its shareholders, and will bring strategic benefits to the Group in the long term. The capital increase is subject to shareholder approval pursuant to Article 39 of the Articles of Association.