Zhongchuang Stock (600787.SH) plans to increase its capital in Zhongchuang Hengke Internet of Things System Co., Ltd. through debt-to-equity conversion.

Zhongchufinancial APP news, China National Storage & Transportation Corporation Limited (stock code: 600787.SH) announced that the company intends to transfer 65% of the debt rights of Zhongchu Hengke IoT System Co., Ltd. (hereinafter referred to as "Zhongchu Hengke") held by the company to China Packaging Co., Ltd. (hereinafter referred to as "China Packaging"). On the day when the debt transfer transaction is completed, China National Storage & Transportation Corporation Limited intends to transfer all of its 35% debt rights of Zhongchu Hengke to the registered capital of Zhongchu Hengke at a ratio of 1:1 (the price of each 1 yuan of debt rights corresponds to a price of 1 yuan of newly added registered capital). After the implementation of this debt-to-equity conversion, the company's registered capital in Zhongchu Hengke will increase by 84.3145 million yuan.