On December 20, Gelonghui reported that Shenzhen FRD Science & Technology (300602.SZ) announced that its wholly-owned subsidiary, Kunshan Pindai Electronics Co., Ltd. (hereinafter referred to as "Kunshan Pindai"), plans to introduce an employee stockholding platform through a capital increase, specifically, Kunshan Pinlan Enterprise Management Center (Limited Partnership) (abbreviated as "Kunshan Pinlan") and Kunshan Pinque Enterprise Management Center (Limited Partnership) (abbreviated as "Kunshan Pinque"), with an additional registered capital of 5 million yuan. At the same time, based on comprehensive considerations for the long-term development of Kunshan Pindai, the company is waiving its preferential subscription rights for this capital increase.

After the completion of this capital increase, the registered capital of Kunshan Pindai will increase from 95 million yuan to 100 million yuan, and the company's shareholding ratio in Kunshan Pindai will change from 100% to 95%. The company remains the controlling shareholder of Kunshan Pindai, which is still included in the company's consolidated financial statements.