Yangtze Communications: Wholly-owned subsidiary to increase capital by 400 million yuan to implement equity investment projects for wholly-owned subsidiaries.

date
18/06/2026
Yangtze Communications announced that the 17th meeting of the 10th Board of Directors of the company approved a proposal on June 18, 2026. The wholly-owned subsidiary, Dias, intends to use 400 million yuan of raised capital to increase capital to its wholly-owned subsidiary, Dias Digital Technology, for the implementation of the "Smart Emergency Command Product Upgrade and Industrialization Project". After the capital increase, the registered capital of Dias Digital Technology will increase from 50 million yuan to 450 million yuan. This capital increase does not constitute a related party transaction or a major asset restructuring, and does not require approval from the shareholders' meeting. The company stated that this capital increase is beneficial for the implementation of the raised capital project, in line with the interests of the company and shareholders, and that financial risks are controllable.