Qinshang Optoelectronics plans to increase its capital by 154 million yuan, a wholly-owned subsidiary, Qinshang Technology

On August 30, Qinshang Optoelectronics announced that Qinshang Optoelectronics had announced on August 10 that it had planned to transfer 10% of the shares of Guangzhou Qinshang Optoelectronics Co., Ltd. by natural person Li Yufang for 1.15 million yuan; 90% of the shares in the technology, after the transfer is completed, the company will hold 100% of the shares of Qinshang Technology.

In addition, Qinshang Optoelectronics intends to increase its capital to Qinshang Technology with its own funds, increasing its registered capital from 56 million yuan to 210 million yuan. However, after research, the capital increase will be implemented jointly by the company and Qinshang Technology.

The specific method is that the wholly-owned subsidiary Qinshang Technology will transfer 1% of the shares of Guangzhou Qinqin to the natural person Li Yufang, and the company will increase its capital to Guangzhou Qinqin with its own funds of 154 million yuan. From 56 million yuan to 210 million yuan (paid in four phases), after the transfer and capital increase, Qinshang Optoelectronics and Qinshang Technology accounted for 99.45% and 0.55% of the registered capital of Guangzhou Qinshang.

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