On June 26th, Gelonhui announced that Guanghe Technology (001389.SZ) held the 7th meeting of the second board of directors and the 5th meeting of the second board of supervisors on June 26th, 2024, and passed the proposal regarding the use of raised funds to increase capital to wholly-owned subsidiary Huangshi Guanghe Precision Circuit Co., Ltd. (referred to as 'Huangshi Guanghe'), agreeing to use part of the raised funds to increase capital to Huangshi Guanghe to implement the raised investment project.

The implementation subject of the company's raised investment project, 'Huangshi Guanghe Precision Circuit Co., Ltd. Guanghe Circuit Multi-High Precision Printed Circuit Board Project Phase II Stage II', is its wholly-owned subsidiary Huangshi Guanghe. In order to facilitate the management of the raised funds and promote the smooth implementation of the raised investment project, the company plans to use 180 million yuan of raised capital to increase capital to Huangshi Guanghe. After this increase, the registered capital of Huangshi Guanghe will increase from 400 million yuan to 580 million yuan, and the company will hold 100% equity before and after the increase.