Szeenda Plans to Increase Capital of Wuxi Szeenda LED Project by USD 27 Million

Szeenda recently announced that the company plans to use its own funds to increase capital in Wuxi Szeenda Electronics Co., Ltd., an important operating platform for the company's LED project, in stages, by USD 27 million. After the capital increase is completed, Wuxi Szeenda's registered capital will increase to USD 35 million. The company will directly hold 75% of its equity, while its wholly-owned subsidiary Szeenda Technology (Hong Kong) Co., Ltd. will hold 25% of its equity.

　　At the same time, the company also announced that it plans to invest RMB 20 million with its own funds to establish a wholly-owned subsidiary, Shenzhen Szeenda Trading Co., Ltd., aiming to broaden the company's business scope, optimize its operating structure, and cultivate new profit growth points.