Zhitong Finance App News, Yihuatong (02402) issued an announcement. The board of directors of the company hereby announced that on April 26, 2024, the board of directors resolved to propose a profit distribution and capital transfer plan for the year ended December 31, 2023, to issue 4 new shares of the company for every 10 existing shares of all shareholders of the company by transferring capital from capital reserves to increase share capital.
In view of the fact that after the capitalization issuance is completed, the total share capital of the company will increase from 165 million shares to 232 million shares, and the registered capital will increase from RMB 165 million to RMB 232 million. The board of directors proposed increasing the registered capital of the company from RMB 165 million to RMB 232 million, and amending the company's articles of association accordingly.