GLARUNTECH: The holding subsidiary's capital increase and share expansion matter is listed

GLARUNTECH announced that its subsidiary Nanjing GLARUN Xinyi Software Co., Ltd. intends to list on a property trading institution to introduce strategic investors through capital increase and share expansion, raising no more than 600 million yuan in cash. The company and the original shareholder Xi Lin waive their preemptive rights and will not participate in this capital increase. After the completion of this transaction, GLARUNTECH will still be the controlling shareholder of GLARUN Xinyi, and there will be no change in the scope of the company's consolidated financial statements. This capital increase matter still needs to go through the approval procedures of the competent approval unit, and there is a risk of not attracting interested investors during the listing period, so there is still uncertainty in the subsequent implementation