NVC International Subsidiary Secures RMB 8.45 Million Investment from Zhejiang Miley Tech

Stock News
Jun 02

NVC International has announced a strategic investment into one of its subsidiaries.

On June 2, 2026, a subscription agreement was executed between Youtong Technology, an indirect subsidiary of the company, investor Zhejiang Miley Technology Co., Ltd., and the target company Zhejiang NVC Lighting Co., Ltd., another indirect subsidiary.

Under the terms of the agreement, the investor will inject a total of RMB 8.45 million in cash.

This capital injection will be used to subscribe for RMB 5 million of the target company's newly increased registered capital, with the remaining RMB 3.45 million to be allocated to the target's capital reserve.

Following the completion of this capital increase, Youtong Technology's equity stake in the target company will be diluted from 100% to 80%.

Despite the dilution, the target company will remain a subsidiary of NVC International, and its financial results will continue to be consolidated into the group's financial statements.

The target company and its subsidiaries are primarily engaged in the production and sales of energy-saving lamps, the research and development of new processing technologies for energy-saving lighting fixtures, and import-export trade.

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