Guangdong Hongtu plans to increase investment in Tianjin Hongtu and Guangzhou Hongtu

Guangdong Hongtu announced that it will increase the capital of its wholly-owned subsidiaries Tianjin Hongtu and Guangzhou Hongtu by RMB 175 million and RMB 100 million respectively to strengthen their capital strength, solve the capital needs of project construction and production and operation, and optimize the capital structure. After the capital increase, the registered capital of both companies will increase from the original amount to RMB 200 million.