Peacebird(SH:603877) Ge Long Hui A P P·2025-10-23 10:12Core Viewpoint - The company has approved a capital increase of 1 billion yuan to its wholly-owned subsidiary, Fengshang Apparel, to enhance its financial strength and support the implementation of the Ningbo High-tech Zone Taiping Bird Global Fashion R&D Center project [1] Group 1: Capital Increase Details - The board of directors approved the capital increase during the seventh meeting of the fifth board session held on October 23, 2025 [1] - The capital increase consists of 200 million yuan from raised funds for investment projects and 800 million yuan from the company's own funds for daily operations [1] - Following the capital increase, Fengshang Apparel's registered capital will rise from 95 million yuan to 1.095 billion yuan, maintaining its status as a wholly-owned subsidiary of the company [1] Group 2: Management Authorization - The board has authorized the management to sign relevant contracts within the approved capital increase limit [1] - The management is also allowed to make contributions in installments based on Fengshang Apparel's actual funding needs [1]