To support the business development of wholly-owned subsidiaries,2021years10month29On January 7, the company held the seventh meeting of the fourth Board of directors, and the participating directors reviewed and unanimously passed the Motion on increasing the registered capital of the wholly-owned subsidiary in Hong Kong. Guangzhou Hongya CNC Machinery Co., LTD. (hereinafter referred to as the "Company") intends to increase the capital of Hongya CNC (Hong Kong) Limited (hereinafter referred to as "Hong Kong Hongya" or the "subsidiary"), a wholly-owned subsidiary of the Company, by means of cash investment5,000Ten thousand dollars.

Ring view:This capital increase will effectively enhance the capital strength of the Hong Kong subsidiary, further give full play to its regional advantages and international business platform advantages, expand the company's industrial layout at home and abroad, make full use of the policies of the Guangdong-Hong Kong-Macao Greater Bay Area, flexibly arrange the fund use plan for the comprehensive layout of local and foreign currencies, which is in line with the company's strategic development planning and needs.

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