ST Flower King: Intends to increase the capital of its wholly-owned subsidiary by 40 million yuan in cash.

On March 17th, ST Kao announced that the company will increase the capital of its wholly-owned subsidiary Shun Jing Management by RMB 40,000,000 in cash. This capital increase is aimed at the wholly-owned subsidiary and does not involve related party transactions, nor does it constitute a major asset restructuring of a listed company as defined by the "Management Measures for Major Asset Restructuring of Listed Companies". Shun Jing Management's registered capital will increase from RMB 160,000,000 to RMB 200,000,000. After the capital increase, the company will still hold 100% of its equity, and it will remain a wholly-owned subsidiary of the company.