AYIS: The holding subsidiary is increasing its capital and expanding its shares

AYIS announced that its holding subsidiary, Henan Angang Zhoukou Steel Co., Ltd., intends to publicly solicit investors through a property rights trading institution to increase its registered capital through a capital increase and share expansion, with the amount not exceeding 1 billion yuan. The company plans to waive its preferential subscription rights for this capital increase. After the capital increase is completed, the company will continue to be the controlling shareholder of Zhoukou Company and will have actual control over Zhoukou Company. In the past year, Zhoukou Company's audited total assets amounted to 11.061 billion yuan, total liabilities were 7.719 billion yuan, operating income was 4.808 billion yuan, and net profit was -125 million yuan. The funds from the capital increase will mainly be used to repay existing debts formed by bank loans and shareholder loans, which will help enhance Zhoukou Company's ability to continue operations