Tianbang Foods: plans to transfer 100% equity of Huai'an Shifen Weidao for 18 million yuan and increase capital by 304 million yuan to clear internal debts.

Tianbang Food announced that its wholly-owned subsidiary, Shanghai Shifen Weidao, intends to transfer 100% equity of its wholly-owned subsidiary, Huai'an Shifen Weidao, to Shanghai Xinzhenglong for 18 million yuan. To clear internal debt, Shanghai Shifen Weidao plans to increase its investment in Huai'an Shifen Weidao by 304 million yuan. After the capital increase, its registered capital will rise from 29 million yuan to 333 million yuan. This transaction is expected to result in an investment loss of approximately 48.81 million yuan.