Huaxi Co., Ltd.: Increased investment in Xichuang Lianhua, with the subscribed capital contribution raised to 270 million yuan.

Huaxi Co., Ltd. announced that in April 2024, it would jointly invest with Guolian Chantuo and Yunshang Chuangtou to establish Xichuang Lianhua, primarily for acquiring a portion of equity in Yicun Capital. Recently, Xichuang Lianhua held a partners' meeting and agreed to change the subscribed capital contribution from RMB 400 million to RMB 520 million. The company's subscribed capital contribution increased from RMB 200 million to RMB 270 million, raising the subscribed capital contribution ratio from 50% to 51.92%. This capital increase is mainly for acquiring 3.3586% equity in Yicun Capital held by Qingdao Lianchu Innovation Investment Co., Ltd. and Wuxi Zhijiu Enterprise Management Partnership.