cherrylanebingo| Hongxin Technology (301539.SZ): Plans to increase capital of Alloy Technology by 142 million yuan

Gelonghui May 17 丨 Hongxin Technology (301539cherrylanebingo.SZ) announcedcherrylanebingo, the company held the fifth meeting of the second board of directors on May 17, 2024, which was reviewed and approvedcherrylanebingoThe "Proposal on Capital Increase of Wholly-owned Subsidiaries" was approved and the company was approved to increase the registered capital of Alloy Technology Co., Ltd.(referred to as "Alloy Technology") through Xinmei Commercial Co., Ltd. with its own or self-raised funds.cherrylanebingo42 billion yuan (the actual registered capital after the capital increase is subject to the registration and approval of the local government of Thailand), which will be used for its asset purchase, investment in equipment and facilities, and the use of operating reserves to accelerate the construction and layout of alloy technology production capacity.

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