Extreme Vision (06636) plans to increase capital to Hengqin Extreme Vision by 138 million yuan

Zhitong Finance App News, Extreme Vision (06636) issued an announcement. The board of directors has considered and passed a resolution on the proposed capital increase of RMB 138 million for the company to Hengqin Extreme Vision. After the capital increase is completed, the company will continue to hold 100% of Hengqin Extreme Vision's shares. The capital increase will be paid by the company using its own funds.

The directors believe that the capital increase will help Hengqin to strengthen its capital strength and strengthen its development foundation from an extreme perspective, enhance its market competitiveness, and achieve sustainable development. Therefore, the directors believe that the capital increase is in the overall interests of the company and its shareholders and will bring long-term strategic benefits to the Group.

The capital increase is subject to shareholders' approval in accordance with section 39 of the company's articles of association.