Hongli Zhihui (300219.SZ) intends to increase the capital of its wholly-owned subsidiary, Liangyou Technology, by 150 million yuan

In order to further enhance the business development ability and financial strength 300219.SZ of its wholly-owned subsidiary, Guangdong Liangyou Technology Co., Ltd. ("Liangyou Technology"), and ensure the sustainable and healthy development of Liangyou Technology, the company intends to use its own funds to increase the capital of Liangyou Technology by 150 million yuan, mainly for expanding the scale of production and operation, supplementing its daily working capital, and optimizing the structure of assets and liabilities.

The announcement shows that Liangyou Technology is mainly engaged in the research and development, production and sales of LED lamp holders. The registered capital of Liangyou Technology was 95.03 million yuan before the capital increase, and the registered capital was changed to 245 million yuan after the completion of the capital increase, which is still a wholly-owned subsidiary of the company.