Chuangyuan Group: plans to increase capital of 100 million yuan to its wholly-owned subsidiary through debt-to-equity conversion.

Chuanyuan Group announced that, in order to optimize the asset-liability structure of its wholly-owned subsidiary Ningbo Chuanyuan Haina Technology Co., Ltd., the company plans to increase the capital of Chuanyuan Haina by RMB 100 million through debt-to-equity conversion. After this capital increase, the registered capital of Chuanyuan Haina will increase from RMB 50 million to RMB 150 million. The company will still hold 100% equity of Chuanyuan Haina after the capital increase, and Chuanyuan Haina will remain a wholly-owned subsidiary of the company.