Tongfang shares plans to increase capital of Chongqing Guoxin by 450 million yuan

Tongfang shares (600100) announced on the evening of June 22 that Chongqing Guoxin Investment Holdings Co., Ltd. passed the TF-EPI Co, a wholly-owned subsidiary of Chongqing. , Limited holds 30.73% of its affiliated subsidiaries.

In order to further promote the development of Chongqing Guoxin and supplement its working capital, Chongqing Guoxin intends to implement a capital increase and share expansion plan through the negotiation of Chongqing Guoxin's new and old shareholders, and raise funds to subscribe for 532 million yuan of registered capital to new shareholders and some old shareholders. Taking into account the profitability and development prospects of Chongqing Guoxin, the company intends to invest 450 million yuan through its wholly-owned subsidiary Beijing Tongfang Innovation Investment Co., Ltd. to subscribe for Chongqing Guoxin's registered capital of 50 million yuan.

As the company's related party Shenzhen Huarongtai Asset Management Co., Ltd. also participated in this capital increase and share expansion, Huarongtai plans to invest 450 million yuan in cash to subscribe for Chongqing Guoxin's registered capital of 50 million yuan, so this investment constitutes a common Related transactions for investments.

After the completion of this capital increase, the company held a 26.32% stake in Chongqing Guoxin through its wholly-owned subsidiary TF-EPI and Tongfang Innovation.

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