Shunwang Technology plans to increase its investment in its subsidiary WuLian Technology by 310 million yuan
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According to the announcement from Shunwang Technology, in line with the company's strategic plan and 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 intends to use its own funds to increase the capital of WuLian Technology by 310 million yuan. After this capital increase is completed, WuLian Technology's registered capital will increase from 40 million yuan to 350 million yuan
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