Zhaoxin Co., Ltd.: Announcement on Capital Increase to Wholly-Owned Subsidiary and Completion of Business Registration Change

NightAirdropper · 2026-02-24T13:44:17+00:00

Zhaoxin Co., Ltd. announced a capital increase of 70 million yuan to its wholly-owned subsidiary Anhui Shengyuan Chemical, aiming to enhance its financial strength and acquire a 30% stake in Shanghai Zhongli. This will promote subsequent industrial cooperation and overall profitability. After the capital increase, Anhui Shengyuan's registered capital will increase to 234.45 million yuan.

NightAirdropper

2026-02-24 13:44:17

Abstract generation in progress

Securities Daily News reported that on February 24, Zhaoxin Co., Ltd. announced that in order to strengthen internal resource integration within the group, enhance the operational synergy of the new materials business, and improve the performance of its wholly-owned subsidiary Anhui Shengyuan Chemical Co., Ltd. (“Anhui Shengyuan”), the company plans to invest 70 million RMB of its own funds to increase its capital in Anhui Shengyuan. This will boost Anhui Shengyuan’s financial strength and be used to acquire a 30% stake in Shanghai Zhongli Industry Co., Ltd. (“Shanghai Zhongli”), which the company currently holds. This move aims to lay the foundation for future industrial cooperation between Anhui Shengyuan and Shanghai Zhongli and to improve their overall profitability after integration. Currently, Anhui Shengyuan’s registered capital is 164.45 million RMB. After the capital increase, it will change to 234.45 million RMB. The company owns 100% of Anhui Shengyuan, which remains a wholly-owned subsidiary. The company completed the business registration change on February 13, 2026, and obtained a new business license issued by Hexian Market Supervision Administration.

(Edited by Ren Shibi)

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