Yingxin Development (000620.SZ) subsidiary plans to increase capital and expand shares to introduce investors.

Zhitong Finance APP news, Yingxin Development (000620.SZ) issued an announcement that its wholly-owned subsidiary Changsha Tongguanyao Guofeng Amusement Park Cultural Tourism Co., Ltd. (referred to as "Changsha Tongguanyao") plans to introduce investors through a public listing for capital increase and share expansion at the Beijing Equity Exchange. The capital increase amount will be determined based on the final listing transaction price, and the company waives its preferential right to subscribe for capital in this capital increase. After the capital increase is completed, the investor's shareholding ratio in the target company will exceed 50% and not exceed 70%. If this capital increase and share expansion is successfully implemented, after the transaction is completed, Changsha Tongguanyao will no longer be included in the scope of the company's consolidated financial statements.