On September 20, Geerong reported that in order to enhance the capital strength of the project company and promote its healthy and stable development, tande co.,ltd.'s wholly-owned subsidiary, Shenzhen Tande, intends to convert the shareholder loan of 1.2 billion yuan held by its wholly-owned subsidiary, Guangzhou Tande, into the capital reserve of Guangzhou Tande. After this adjustment, Shenzhen Tande will still hold 100% equity of Guangzhou Tande, and the registered capital of Guangzhou Tande will remain unchanged.