Gelonghui May 8 丨 Guotai Group (603977)(603977.SH) announced that the company plans to increase its capital by 34% to its wholly-owned subsidiary Jiujiang Guotai in cash through its wholly-owned subsidiary Weiyuan Minbaocraps,000 million yuan will be used to build an energy-containing new material production line project with an annual output of 3,000 tons to 4,300 tons (multiple varieties of flexible). After the capital increase was completed, Jiujiang Guotai's registered capital increased from 10 million yuan to 350 million yuan, and it remains a wholly-owned subsidiary of Weiyuan Minbao, a wholly-owned subsidiary of the company. Two new energy-containing new material production lines will be built with a total annual production capacity of 3,000 tons to 4,300 tons (multiple varieties of flexible); supporting buildings such as raw material storage, production workshops, physical and chemical analysis, wastewater treatment, and power centers will be built; intelligent intelligent manufacturing equipment systems supporting the project, etc. The project scale is approximately 1.238 billion yuan.
