BoXin Technology (002514.SZ) plans to increase its capital by 18 million yuan to acquire the controlling rights of Suzhou Jicui Intelligent Manufacturing Robot.

News from Zhitong Finance and Economics APP, Baoxin Technology (002514.SZ) announced that the company has signed a "Suzhou Ji Cui Smart Manufacturing Robot Co., Ltd. Capital Increase and Expansion Agreement" with Suzhou Ji Cui Smart Manufacturing Robot Co., Ltd. and its shareholder Jiangsu Ji Cui Intelligent Manufacturing Technology Research Co., Ltd. (referred to as "Jiangsu Ji Cui Smart Manufacturing"), as well as Lv Zigui. The target company will increase its capital by 20 million RMB, with Baoxin Technology subscribing for 18 million RMB with its own funds, Jiangsu Ji Cui Smart Manufacturing subscribing for 2 million RMB, and Lv Zigui waiving his priority subscription rights. After the capital increase, Baoxin Technology will hold 81.82% of the target company's shares, Jiangsu Ji Cui Smart Manufacturing will hold 16.36%, and Lv Zigui will hold 1.82%.