Suzhou Yidelong Technology Co., Ltd. recently announced that it plans to increase the capital of its wholly-owned subsidiary in Hong Kong with its own funds 2,000 Ten thousand dollars. This matter has been approved by the eighth meeting of the third Board of Directors and the eighth deliberation of the third Board of Supervisors. After the completion of the capital increase, the registered capital of Yi Lu Bao Company is from 450 $10,000 increases to 2,450 Ten thousand dollars.

Ring view:The main reason for this capital increase is to increase capital input in order to meet the capacity demand of new orders. In addition, after the completion of the capital increase, we will further expand overseas markets, optimize the procurement and logistics mode, and improve the satisfaction of North American and European customers in terms of comprehensive cost and flexible delivery, so as to meet the needs of business development.

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