Hangzhou Oxygen Group announced that the 35th meeting of the 8th board of directors passed two bills. First, it was agreed to increase the capital of the wholly-owned subsidiary Zezhou Hangzhou Oxygen by 100 million yuan to build a 42,000 nm³/h air separation unit to supply gas to Shanxi Orchids. The total investment of the project will not exceed 314 million yuan. After the capital increase, the registered capital of Zezhou Hangzhou Oxygen was 371 million yuan, and the shareholding structure remained unchanged. This move is conducive to broadening the regional market. It may be affected by many factors and risks, but there is no significant disadvantage to the company's daily operations. Second, they agreed to cancel Shanxi Jinnan Iron and Steel New Material Gas Co., Ltd. and authorized the management to complete the relevant formalities, which had no substantial impact on the company.

Hangzhou Oxygen Group announced that the 35th meeting of the 8th board of directors passed two bills. First, it was agreed to increase the capital of the wholly-owned subsidiary Zezhou Hangzhou Oxygen by 100 million yuan to build a 42,000 nm³/h air separation unit to supply gas to Shanxi Orchids. The total investment of the project will not exceed 314 million yuan. After the capital increase, the registered capital of Zezhou Hangzhou Oxygen was 371 million yuan, and the shareholding structure remained unchanged. This move is conducive to broadening the regional market. It may be affected by many factors and risks, but there is no significant disadvantage to the company's daily operations. Second, they agreed to cancel Shanxi Jinnan Iron and Steel New Material Gas Co., Ltd. and authorized the management to complete the relevant formalities, which had no substantial impact on the company.