(003022.SZ) plans to increase capital of 150 million yuan to the Academy of Sciences Biological.

Smart Financial News APP, Lianhong New Science (003022.SZ) announced that biodegradable materials are one of the key strategic directions for the company's development. The company's controlling subsidiary, Jiangxi Institute of Bio New Materials Co., Ltd. (referred to as "Institute of Bio" or "Target Company"), is mainly engaged in research, development, production, and sales of lactic acid and polylactic acid. In order to accelerate the company's strategic layout and development, supplement the working capital of the Institute of Bio, and improve its asset-liability structure, the company plans to increase its capital by 150 million yuan with its own funds to the Institute of Bio, and other shareholders of the Institute of Bio will not participate in this capital increase simultaneously.