Hongxin Electronic (300657.SZ) subsidiary Wuxi Suihong plans to introduce external investors Wuxi Kechan

Smart Finance APP News, Hongxin Electronics (300657.SZ) announced that, in order to further increase the company's financial strength, reduce the company's asset-liability ratio, improve the company's cash flow, and enhance its risk resistance capability, the company's controlling subsidiary, Wuxi Suihong, plans to introduce external strategic investors through capital increase and share expansion. Wuxi District Science and Technology Development Fund Investment Partnership Enterprise (Limited Partnership) (hereinafter referred to as "Wuxi Science and Technology Development Fund" or "Investor") will invest 5 billion RMB, with the amount corresponding to the registered capital of the target company determined based on the aforementioned pre-investment valuation ratio, and the remaining amount will be added to the target company's capital reserve.