In addition, Huacan Optoelectronics held the resolution of the 23rd meeting of the first board of directors, intending to use its own funds of RMB 50 million to increase its capital to Huacan Optoelectronics (Suzhou) Co., Ltd., a wholly-owned subsidiary, to meet “Huacan Optoelectronics (Suzhou) ) The construction of the first phase of the LED epitaxial chip construction project. After the capital increase, the registered capital of the subsidiary increased from 300 million yuan to 350 million yuan.
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