Shunwang Technology (300113.SZ) plans to increase the capital of its subsidiary Wulian Technology by 310 million yuan.

Smart Finance APP News, Shunwang Technology (300113.SZ) announced that, according to the company's strategic plan, in order to meet the business development needs of its wholly-owned subsidiary Hangzhou Wulian Technology Co., Ltd. (hereinafter referred to as "Wulian Technology") and improve its financial structure, the company plans to use its own funds to increase the capital of Wulian Technology by 310 million yuan. After this capital increase, the registered capital of Wulian Technology will increase from 40 million yuan to 350 million yuan.