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Changshu Auto Accessories announced that based on the strategic development plan and European business development needs, the company plans to increase the capital of its wholly-owned subsidiary WAY Business Solutions GmbH by 7 million euros with its own capital, which is approximately RMB 578.375 million at the current exchange rate. After the capital increase was completed, the company still held 100% of WayBusiness's shares. This capital increase will help reduce its balance ratio, guarantee financing capacity, enhance resilience to risks, help it develop better, and meet the needs of the company's business development in the European market.

Zhitongcaijing·12/26/2025 08:57:02
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Changshu Auto Accessories announced that based on the strategic development plan and European business development needs, the company plans to increase the capital of its wholly-owned subsidiary WAY Business Solutions GmbH by 7 million euros with its own capital, which is approximately RMB 578.375 million at the current exchange rate. After the capital increase was completed, the company still held 100% of WayBusiness's shares. This capital increase will help reduce its balance ratio, guarantee financing capacity, enhance resilience to risks, help it develop better, and meet the needs of the company's business development in the European market.