Dec 16, 2021 06:59 PM (GMT+8) · EqualOcean
Financial Associated Press, Dec. 16 - Yonggao announced that based on the actual situation of the company's business strategy adjustment, the company plans to reduce the registered capital of its wholly-owned subsidiary Zhejiang ad Solar Energy Technology Co., Ltd. ("ad solar") by 400 million yuan. After the capital reduction, the registered capital of ad solar will be reduced from RMB 500 million to RMB 100 million. The company still holds 100% of its equity, which will not change the scope of the company's consolidated statements.