According to Zhitong Finance App, GHW INTL (09933) announced that on May 10, 2024, the target company Taian Hanwei Group Co., Ltd. (a wholly-owned subsidiary of the company) entered into a capital increase agreement with Nanjing Jinhaiwei, Taian Taiying and the subscribers (Taian Ruokun, Taian Jinweitai, Nanjing Weijinhe and Nanjing Jinwei Yongzheng). Based on this, the subscriber conditionally agreed to invest a total of RMB 36.775 million to subscribe for a total actual equity of about 8.05% of the target company's registered capital.

The purpose and goal of the capital increase is to provide an opportunity for the group's employees who are the ultimate beneficial owners of the subscribers to subscribe to the target company's shares; and to strengthen the target company's capital base.

The announcement stated that providing employees with the opportunity to subscribe for shares in target companies will bring employees' interests in line with the goals of the target company and group, thereby strengthening employee loyalty and making them contribute to the long-term development of the group.