Ningbo Yunsheng Plans to Implement Fundraising Projects Through Subsidiaries; Board of Directors Approves Capital Increase Plan

MaticHoleFiller · 2026-03-26T03:44:28+00:00

Ningbo Yunsheng Co., Ltd. held a board of directors meeting on March 17, at which it reviewed and approved a proposal to use raised capital to increase capital in its controlling subsidiary in order to implement the fundraising project. The proposal was unanimously passed, which will help optimize resource allocation and enhance capital utilization efficiency. The specific plan will be disclosed in subsequent announcements.

MaticHoleFiller

2026-03-26 03:44:28

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On March 17, Ningbo Yunsheng Co., Ltd. (Stock Code: 600366) announced the resolution of the 16th meeting of the 11th Board of Directors, approving the proposal to use raised funds to increase capital in the controlling subsidiary and to increase capital in the wholly-owned subordinate company to implement the fundraising project.

The announcement shows that the company issued a notice of a written meeting to all directors on March 12, 2026, and held the 16th meeting of the 11th Board of Directors via written communication on March 17. The meeting was attended by 8 directors, all of whom were present. The procedures for convening, holding, and voting at the meeting complied with relevant laws, regulations, and the company’s articles of association, making the resolution legal and valid.

Among the matters reviewed at the meeting, the proposal to use raised funds to increase capital in the controlling subsidiary and to increase capital in the wholly-owned subordinate company to implement the fundraising project was approved unanimously, with a vote of 8 in favor, 0 against, and 0 abstentions. This proposal had received prior approval from the company’s Audit Committee before being submitted to the Board for review.

It is understood that the company will provide detailed information on the specific plan for this capital increase and the implementation plan for the fundraising project in the announcement numbered 2026-016, to be disclosed on the same day. Implementing the fundraising project through subsidiary levels will help optimize resource allocation, improve the efficiency of using raised funds, and promote the smooth progress of related projects.

Review Items
Voting Results
Prior Review Status
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Use of raised funds to increase capital in the controlling subsidiary and to increase capital in the wholly-owned subordinate company to implement the fundraising project

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