Net-A-Go Technology Updates Capital Increase Agreement, Reduces Investment Amount in Subsidiary Transaction

Reuters
05-28
Net-A-Go Technology Updates Capital Increase Agreement, Reduces Investment Amount in Subsidiary Transaction

Net-A-Go Technology Co. Ltd. announced a significant update regarding its transaction involving Guangxi Zaiguang Technology Co., Ltd., a subsidiary. On 28 May 2025, a supplemental capital increase agreement was signed, revising the investment amount from RMB30.0 million to RMB5.0 million. Upon completion, the investor will hold approximately 1.2% of the enlarged registered capital of the Target Company, while the original shareholder's stake will be diluted from 100% to about 98.8%. Consequently, Net-A-Go's indirect ownership in the subsidiary will decrease from 51.0% to approximately 50.4%. Despite these changes, Guangxi Zaiguang Technology Co., Ltd. will remain an indirect non-wholly owned subsidiary of Net-A-Go Technology Co. Ltd.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Net-A-Go Technology Co. Ltd. published the original content used to generate this news brief on May 28, 2025, and is solely responsible for the information contained therein.

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