Tianjin TEDA CO., Ltd. announced that the company will hold the 14th meeting of the 11th Board of Directors on April 2, 2025, to review and approve the proposal on increasing capital for its wholly-owned subsidiary through debt-to-equity conversion. According to the plan to divest non-core assets, the company will convert all its debt of 2.182 billion yuan held in Yangzhou Wanyun Construction Development Co., Ltd. into equity in Yangzhou Wanyun, thereby increasing its capital. After the capital increase is completed, the registered capital of Yangzhou Wanyun will increase from 300 million yuan to 2.482 billion yuan, and the company's shareholding ratio in Yangzhou Wanyun will remain unchanged, with Yangzhou Wanyun still being a wholly-owned subsidiary of the company