HONGDA NEW MATERIAL: Wholly-owned subsidiary Dongguan New Oriental plans to increase capital in Xindongcheng by 10.05 million yuan

HONGDA NEW MATERIAL announced that its wholly-owned subsidiary Dongguan New Oriental Technology Co., Ltd. plans to increase the capital of its wholly-owned subsidiary Tianchang Xindongcheng New Materials Co., Ltd. by 10.05 million yuan. Before the capital increase, Xindongcheng's registered capital was 4.95 million yuan, and after the increase, it will rise to 15 million yuan. Xindongcheng will still be a wholly-owned subsidiary of the company. This capital increase does not constitute a related party transaction or a major asset restructuring, and the funding source is Dongguan New Oriental's own funds. As of the end of September 2024, Xindongcheng's total assets were 108 million yuan, total liabilities were 104 million yuan, net assets were 4.1183 million yuan, operating income was 45.5264 million yuan, and net profit was -831,700 yuan