XHW(SH:603888) Shang Hai Zheng Quan Bao·2025-11-17 18:51Group 1 - The company held its 19th meeting of the fifth board of directors on November 17, 2025, with all 15 directors present, complying with relevant regulations [2][5] - The board approved a capital increase of 20 million yuan to its wholly-owned subsidiary, Xinhua Net Venture Capital Co., Ltd., raising its registered capital to 30 million yuan [4][21] - The decision was unanimously supported by the board, with 100% of the voting rights in favor [5] Group 2 - The company announced a progress update regarding the transfer of state-owned shares from its controlling shareholder, Xinhua News Agency, to its wholly-owned subsidiary, Xinhua Investment Holdings Co., Ltd. [7][9] - Following the implementation of the 2024 profit distribution plan, the total share capital increased to 674,738,168 shares, with the controlling shareholder's stake adjusted from 264,679,740 shares to 344,083,662 shares, maintaining a 51% ownership [9][13] - After the transfer, Xinhua Investment Holdings will hold 414,413,493 shares, representing 61.42% of the total shares, while the actual controller remains unchanged [9][17] Group 3 - The capital increase to Xinhua Net Venture Capital is aimed at enhancing its core competitiveness and supporting business development needs [21][31] - The investment target, Xinhua Net Venture Capital, was established in 2017 and focuses on investment management and financial consulting [23] - The capital increase will not affect the company's consolidated financial statements or control over the subsidiary [31]