ANJOY FOOD to Inject 120 Million Yuan in Capital into Henan Subsidiary

Stock News
03/06

ANJOY FOOD (02648) has announced a decision to increase its investment in its wholly-owned subsidiary, Henan ANJOY FOOD Co., Ltd., by 120 million yuan. The funding will consist of proceeds from a private share placement and the company's own capital. This move is part of the company's broader development strategy and is intended to ensure the proper use of raised funds and improve capital efficiency. The subsidiary has recently completed the required industrial and commercial registration procedures and obtained a renewed business license from the local market regulatory authority. According to relevant laws, regulations, and the company’s internal policies, this capital increase falls within the approval authority of the company’s general manager and does not require review by the board of directors or shareholders. The decision is based on the progress of the company’s fundraising projects and actual capital needs, and is expected to support the smooth implementation of these projects while enhancing the efficiency of fund utilization. The move does not harm the interests of the company or minority shareholders, does not alter the intended use of raised funds, and is not expected to adversely affect the company’s normal operations. It aligns with the company’s long-term development plans.

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