Honghe Technology announced that in order to meet the business needs of its wholly-owned subsidiary Huangshi Honghe, the company plans to increase its capital by 680 million yuan through debt-to-equity swaps, and the registered capital will increase from 1.72 billion yuan to 2.4 billion yuan. The company held a board meeting on August 12 to review and pass the bill, which still needs to be reviewed by the shareholders' meeting. This capital increase does not constitute a related transaction or major asset restructuring. After the capital increase, the company still holds 100% of Huang Shihonghe's shares, which helps promote its business development and enhance the company's overall strength, but achieving the goals was affected by various factors.

Honghe Technology announced that in order to meet the business needs of its wholly-owned subsidiary Huangshi Honghe, the company plans to increase its capital by 680 million yuan through debt-to-equity swaps, and the registered capital will increase from 1.72 billion yuan to 2.4 billion yuan. The company held a board meeting on August 12 to review and pass the bill, which still needs to be reviewed by the shareholders' meeting. This capital increase does not constitute a related transaction or major asset restructuring. After the capital increase, the company still holds 100% of Huang Shihonghe's shares, which helps promote its business development and enhance the company's overall strength, but achieving the goals was affected by various factors.