YCNE: Zhongyuan Jintaiyang introduces investors to increase capital by 500 million yuan

YCNE announced that its wholly-owned subsidiary, Henan Zhongyuan Jintaiyang Technology Co., Ltd., plans to introduce external investors for a cash capital increase, with a total amount of RMB 500 million. Among them, Henan Asset Management Co., Ltd. will increase its capital by RMB 300 million, and Henan Gongrong Pingmei Shena Equity Investment Fund Partnership will increase its capital by RMB 200 million. The capital increase price is RMB 1.01 per registered capital, of which RMB 493 million will be included in the registered capital, and the remaining RMB 7.3033 million will be included in the capital reserve. After the capital increase is completed, YCNE will hold 64.62% of Zhongyuan Jintaiyang's equity, Henan Asset will hold 21.23% of the equity, and Henan Gongrong will hold 14.15% of the equity. The funds from the capital increase will be used to repay Zhongyuan Jintaiyang's financial liabilities to reduce the asset-liability ratio