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Dec 07, 2021 09:08 PM (GMT+8) · EqualOcean
Cailian news agency, Dec. 7 - the company's operation and management team and key employees plan to increase the capital of the wholly-owned subsidiary Lianhong gerun (Shandong) new materials Co., Ltd. ("Lianhong gerun" or "target company") through the employee stock ownership platform. Before the capital increase, the registered capital of Lianhong gerun was RMB 375 million, and the company held 100% of its equity. The company's management team and key employees plan to increase the capital of Lianhong gerun by 125 million yuan through the employee stock ownership platform, and the company waives the preemptive right for this capital increase. After the capital increase, the registered capital of Lianhong gerun increased to RMB 500 million, of which the company holds 75% equity and the employee stock ownership platform holds 25% equity. Lianhong gerun is still within the scope of the company's consolidated statements.

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