GrainRich December 3rd | global uin (08496.HK) announced that on December 3, 2024, the investor, anhui akita, and Akita Quick Drinks entered into a capital increase agreement, with the investor investing in anhui Akita. According to the capital increase agreement, the investor plans to invest a total of RMB 15 million in anhui Akita, of which 0.6 million Hong Kong dollars (converted into RMB at the exchange rate on the investment date) will be included in anhui Akita's registered capital, while the remaining amount (i.e. RMB 15 million minus 0.6 million Hong Kong dollars (converted into RMB)) will be included in the capital reserve.

After the capital increase is completed, anhui Akita's registered capital will increase from 20 million Hong Kong dollars to 20.6 million Hong Kong dollars. Akita Quick Drinks and the investor will directly hold approximately 97.0874% and 2.9126% equity interests in Anhui Akita, respectively. Anhui Akita will become a non-wholly owned subsidiary of the company, and its financial performance will continue to be consolidated into the company's comprehensive financial statements.

The company firmly believes that introducing the investor as a strategic shareholder of anhui Akita will help deepen cooperation with the strategic investor, including providing strategic resource support for the group and laying a more solid foundation for the group's future business development. The directors firmly believe that the capital increase will bring positive strategic significance to the group's future development and will benefit the long-term development of the group.