Core Viewpoint - The company, Shandong Longhua New Materials Co., Ltd., has increased its investment in its wholly-owned subsidiary, Shandong Longhua Polymer Materials Co., Ltd., by 300 million RMB, raising the subsidiary's registered capital from 300 million RMB to 600 million RMB, to support its operational needs and the advancement of its polyamide resin project [1]. Group 1: Investment Details - The investment of 300 million RMB is made using the company's own funds [1]. - After the capital increase, the registered capital of Longhua Polymer will be 600 million RMB [1]. - This capital increase does not constitute a related party transaction or a major asset restructuring as defined by relevant regulations [1]. Group 2: Company Structure and Operations - Longhua Polymer is a limited liability company established on March 22, 2022, with its registered address in Gaoqing County, Shandong Province [1]. - The company operates in various sectors, including chemical product sales and production, synthetic fiber manufacturing, and new materials technology research and development [1]. - The capital increase is aimed at ensuring the subsidiary's daily funding needs and promoting its sustainable development, aligning with the company's main business direction [1]. Group 3: Regulatory Compliance - The capital increase does not require approval from the company's board of directors according to the Shenzhen Stock Exchange's regulations [1]. - Longhua Polymer has completed the necessary business registration changes and obtained a new business license from the Gaoqing County Administrative Approval Service Bureau [1].
山东隆华新材料股份有限公司 关于全资子公司增加注册资本暨完成工商变更登记的公告