Yingliang Group: Subsidiary Shantou Yingliang increases capital and introduces investors to complete industrial and commercial changes.

The announcement of Yinglian Holdings stated that its subsidiary Shantou Yinglian had audited net assets of 494 million yuan. Guangdong Property Investment Fund plans to make a phased capital increase of no more than 200 million yuan based on a pre-investment valuation of 1.08 billion yuan, with a post-investment valuation not exceeding 1.28 billion yuan. On October 23, 2025, Guangdong Property Investment Fund completed the first installment of 44.99 million yuan in capital increase payment. Recently, Shantou Yinglian completed a change in the industrial and commercial registration, with the company holding 96% of the shares and Guangdong Property Investment Fund holding 4%. After the completion of all capital increases, the company will hold no less than 84.37% of the shares of Shantou Yinglian, still being the controlling subsidiary.