CFT(SH:603685) Zheng Quan Zhi Xing·2025-07-20 08:22Core Viewpoint - The company plans to increase its investment in its wholly-owned subsidiary, Zhejiang Beiwang Zhican Technology Co., Ltd. (North Network Intelligence), by 90 million RMB to support its business development in the integrated field of green electricity and computing power [1][2]. Summary by Sections Investment Overview - The company will use its own funds of 90 million RMB for the capital increase, which will not require shareholder approval as it complies with legal regulations [2][3]. - After the capital increase, North Network Intelligence will remain a wholly-owned subsidiary, with the company holding 100% of its shares [1][3]. Subsidiary Information - North Network Intelligence was established on June 13, 2025, with a registered capital of 30 million RMB and operates as a foreign-invested enterprise [2]. - The subsidiary's business scope includes technology services, data services, software development, and various sales related to artificial intelligence and cloud computing [2]. Impact on the Company - The capital increase aims to create an integrated ecosystem based on incremental distribution networks, providing low-cost, stable green electricity for computing centers [4]. - This initiative aligns with national policies on energy transition and digital economy development, enhancing the company's competitiveness in the green electricity and computing power integration sector [4].