Friend Group (601686.SH) intends to increase the capital of its subsidiary, Hainan Supply Chain, by 300 million yuan.

Financial news from the Securities Times app: Youfa Group (601686.SH) has announced that in order to improve the financial strength and overall competitiveness of its subsidiaries, optimize the asset-liability structure of its subsidiaries, and promote the smooth operation of its subsidiary businesses, the company's wholly-owned subsidiary Tianjin Youfa Supply Chain Management Co., Ltd. (hereinafter referred to as "Youfa Supply Chain") intends to increase the capital of its wholly-owned subsidiary Youfa (Hainan) Supply Chain Management Co., Ltd. (hereinafter referred to as "Hainan Supply Chain") by 300 million yuan through a cash contribution. After the capital increase, the registered capital of Hainan Supply Chain will increase from 200 million yuan to 500 million yuan, while still being a wholly-owned subsidiary of Youfa Supply Chain.