Gelonghui, January 4, 丨 Guoguang Co., Ltd. (002749.SZ) announced that the company held the 17th (temporary) meeting of the 5th board of directors on January 4, 2024 to review and pass the “Proposal on the Capital Increase of Subsidiaries Sichuan Runer Technology Co., Ltd. and Chongqing Yier Shuangfeng Technology Co., Ltd. to Chongqing Runer Technology Co., Ltd.” The company's subsidiary, Sichuan Runer Technology Co., Ltd. (“Sichuan Runer” for short) raised 654.943 million yuan, and Chongqing Yir Shuangfeng Technology Co., Ltd. (“Yir Shuangfeng”) used its own capital of 18.165,700 yuan to increase the capital of the company's second-level subsidiary Chongqing Runer Technology Co., Ltd. (“Chongqing Runer”). After the capital increase was completed, Chongqing Runer's registered capital increased from 50 million yuan to 133.66 million yuan, of which Yir Shuangfeng accounted for 51% of Chongqing Runer's registered capital after this capital increase. After-sales 49% of Chongqing Runer's registered capital.
In order to guarantee the company's production of plant growth regulator formulation products, reduce product production costs, and increase profitability, the company has strengthened the extension of the upstream original drug industry chain. On the one hand, it has added some raw drug production capacity through mergers and acquisitions of Hebi Quanfeng and other enterprises; on the other hand, it plans to build a new “15,000 tons of raw materials and intermediates synthesis production project” in the Chongqing Wansheng Economic Development Zone Coal Electrification Park. In September 2023, Chongqing Runer and the Chongqing Wansheng Economic and Technological Development Zone Planning and Natural Resources Bureau signed a “State-owned Construction Land Use Concession Contract”. Up to now, the project has invested a total of 21.48,900 yuan of its own capital, and has completed preliminary preparations. Construction is scheduled to begin in early 2024.
The funding source for this capital increase consists of unused raised funds and own funds for the “Enterprise Technology Center Upgrading and Renovation Project” implemented by Changer Runer Technology. Changes to fund-raising investment projects and implementation subjects have been reviewed and approved by the 16th (Provisional) Meeting of the 5th Board of Directors of the Company and the 1st Extraordinary General Meeting of Shareholders in 2024.