According to the strategic development goals and needs of the company, the board of directors of Xinfengming Group announced that it has agreed to use its own funds to increase the registered capital of its wholly-owned subsidiary Tongxiang Zhonghong New Materials Co., Ltd. ("Zhonghong New Materials") by 800 million yuan. The registered capital of Zhonghong New Materials will be increased to 1 billion yuan after the new registered capital is added, and it will remain a wholly-owned subsidiary of the company.
新凤鸣：向全资子公司中鸿新材料增资8亿元
Xinfengming Group: to increase the capital of its wholly-owned subsidiary Zhonghong New Materials by 800 million yuan.
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