Jinshi Data News on November 22nd, Hanwangji announced that the company has decided to use a total of 200 million yuan of funds raised and its own funds to increase its wholly-owned subsidiary, Shanghai Hanwangji Information Technology Co., Ltd. Among them, 15 million yuan of funds raised and 185 million yuan of its own funds. After the capital increase, the registered capital of Shanghai Hanwangji will increase to 2.6 billion yuan, still a wholly-owned subsidiary of the company. The purpose of this capital increase is to support the smooth implementation of the investment projects, and will not have any adverse impact on the company’s operation. The capital increase has been approved by the company’s board of directors and the supervisory board, and does not require the approval of the shareholders’ meeting. After the capital increase, the raised funds will continue to be managed in a special account to ensure that their use complies with legal and regulatory requirements.
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