JYD plans to increase its investment in its subsidiary Huailai JYD by 250 million yuan

JYD plans to increase its capital by 250 million yuan to its wholly-owned subsidiary Huailai JYD, in order to optimize resource allocation and enhance competitiveness. Among them, 214 million yuan will be increased through debt-to-equity conversion, and 36.0896 million yuan will be increased using its own funds. After the capital increase, the registered capital of Huailai JYD will rise from 100 million yuan to 350 million yuan, remaining a wholly-owned subsidiary, with no change in the scope of consolidated financial statements

According to the Zhitong Finance APP, JYD (003005.SZ) announced that in order to optimize the internal resource allocation of the company, enhance the comprehensive competitiveness of its wholly-owned subsidiary Huailai JYD Technology Industry Development Co., Ltd. (hereinafter referred to as "Huailai JYD"), and improve its financial situation, the company plans to increase its capital by 250 million yuan to Huailai JYD, of which 214 million yuan will be increased through debt-to-equity conversion and 36.0896 million yuan through self-funding. After the completion of this capital increase, the registered capital of Huailai JYD will increase from 100 million yuan to 350 million yuan, and it will still be a wholly-owned subsidiary of the company, with no changes to the scope of the company's consolidated financial statements