Gelonghui December 12丨*ST Park City (600766.SH) announced that on December 12, 2023, the company held the 32nd meeting of the 13th board of directors to deliberate and pass the “Proposal on the Company's Holding Subsidiary to Increase the Capital of the Holding Sun Company”, agreeing that the company's holding subsidiary, Beijing Zhishen Supercomputing Network Technology Co., Ltd. (hereinafter referred to as “Zhishen Supercomputing”) and the holding company Guangzhou Second Computing Technology Co., Ltd. (hereinafter referred to as “Second Computing Technology”), the shareholders of Guangzhou Second Computing Technology Co., Ltd. (hereinafter referred to as “Second Computing Technology”) will increase capital in the same proportion in RMB. After the capital increase is completed, the original registered capital of the company is 1 million yuan. The registered capital of technology has increased to 60 million yuan. Zhishen has exceeded the current capital increase of 30.09 million yuan, accounting for 51% of the shares after the capital increase is completed. Haikou Hynengda Marketing Management Co., Ltd. has now increased its capital by 28.91 million yuan, accounting for 51% of the shares after the capital increase is completed.

Guangzhou Second Computing Technology Co., Ltd., and Beijing Zhishen Supercomputing Network Technology Co., Ltd., a holding subsidiary of the company, are newly established companies. Currently, there are no formal business arrangements involving computing power for subsequent business. It is only mainly engaged in the leasing and sale of computer equipment. The expected gross margin of this business model is low, and it will not have much impact on the company's production and operation.