Xinhua Net (603888.SH) plans to increase its capital by 200 million yuan to its wholly-owned subsidiary Xinhua Net Venture Capital.

Zhixin Financial News APP, Xinhua News (603888.SH) announced that in order to accelerate the current business planning and future development needs of the company, and enhance the core competitiveness of its wholly-owned subsidiary Xinhua News Venture Capital Co., Ltd. ("Venture Capital"), the company plans to increase its capital by 200 million yuan from its own funds to Venture Capital. After the capital increase, the registered capital of Venture Capital will increase from 100 million yuan to 300 million yuan, and it will still be a wholly-owned subsidiary of the company.