CMST: Increased capital of 84.3146 million yuan to Zhongchu Hengkang through debt-to-equity conversion

CMST announced that it plans to transfer 65% of its debt claims against Zhongchu Hengkang Internet of Things System Co., Ltd. to China National Packaging Co., Ltd., and convert 35% of its debt claims into paid-in capital of Zhongchu Hengkang, with an increase amount of 84.3146 million yuan. After the transaction is completed, CMST's registered capital in Zhongchu Hengkang will increase by 84.3146 million yuan, and Zhongchu Hengkang's registered capital will increase by 241 million yuan. China National Packaging will hold 65% of the equity, while CMST will hold 35% of the equity. This transaction is subject to approval by the company's shareholders' meeting