Frangrance Everywhere: Plans to increase the capital of its wholly-owned subsidiary Frangrance Everywhere Sichuan by 50 million yuan.

date
06/11/2025
Xiang Piao Piao announced that the company plans to increase the capital of its wholly-owned subsidiary Xiang Piao Piao Sichuan by 50 million yuan with its own funds. After the completion, its registered capital will increase from 10 million yuan to 60 million yuan, still being a wholly-owned subsidiary. This capital increase does not require board of directors or shareholder approval, and does not constitute a related party transaction or a major asset reorganization. The capital increase will be used for the daily operation and development of Xiang Piao Piao Sichuan, and will not change the scope of consolidated financial statements. Xiang Piao Piao Sichuan mainly engages in food production and sales, with a revenue of 242.68 million yuan and a net profit of 8.18 million yuan from January to September 2025. However, future operations may be impacted by macroeconomic factors, industry policies, and changes in market demand.