Gelonghui, March 22, 丨 Wanma Co., Ltd. (002276.SZ) announced that in order to implement the north-south linkage industry development strategy and promote the investment and construction of the Wanma high-end equipment industry project in Qingdao, its subsidiary Wanma Offshore Equipment plans to increase the capital of Wanma Qingdao Cable by 180 million yuan from its own capital. After this capital increase is completed, the registered capital of Wanma Qingdao Cable will be changed from 20 million yuan to 200 million yuan, and Wanma Offshore Equipment will hold 100% of its shares unchanged.

This capital increase for Wanma Qingdao Cable is for the company to implement a North-South linked industrial development strategy, promote investment and construction of the high-end equipment industry project in Wanma, Qingdao, increase the operating capital of Wanma Qingdao Cable, meet its future business development needs, and meet the company's strategic development needs.