Shanghai New Centurion Network Information Technology Co., Ltd.SSE: 605398

(605398)"Shanghai New Centurion Network Information Technology Co., Ltd."Announcement on Capital Increase in Controlled Subsidiary

· Issued by Shanghai New Centurion Network Information Technology Co., Ltd. via Shanghai Stock Exchange

Filed with SSE · Stock code 605398 · · 7 pages · Chinese

Summary by 6ix AI

Shanghai New Centurion Network Information Technology Co., Ltd. announced a capital increase in its controlled subsidiary, Shanghai Tanyun Cloud Computing Co., Ltd., to enhance its operational capabilities and market competitiveness. The company plans to invest a significant amount in cash to support the subsidiary's business expansion and technological development. This investment will increase the subsidiary's registered capital and the company's ownership stake in it. The board approved the transaction, which does not require shareholder approval, and outlined potential risks associated with the investment.

Written in English by 6ix AI from the company’s Chinese-language filing. How 6ix writes summaries

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