Jufei: 37 million 920 thousand yuan capital of a wholly owned subsidiary of Hongkong

26, Jufei announced, the company held the third meeting of the twenty-second board of directors considered and adopted the "capital of the Hongkong, a wholly owned subsidiary of the motion", agreed to the company's own capital of HK $45 million (about 37 million 920 thousand yuan) of a wholly owned subsidiary of Hongkong poly fly (Hongkong) development limited capital. After the completion of the capital increase, the registered capital of Hongkong subsidiary will be HK $73 million (about 61 million 520 thousand yuan) to $118 million (about 99 million 450 thousand yuan), the company still holds 100% stake in Hongkong subsidiary company.

The company said the capital increase funding for the company's own funds, in the form of monetary capital investment, the Hongkong subsidiary aims to enhance capital strength, enhance its operation ability and business qualification. The capital increase will provide strong support for the development of the Hongkong subsidiary, strategic planning and business development in line with the interests of all shareholders, to expand international cooperation projects to speed up the process of internationalization of the company's business, enhance the company's international brand influence and market competition ability.

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