Longpan Technology (02465) plans to cut capital of its wholly-owned subsidiaries Hubei Green Melon, Platinum Source Catalyst and Sky Blue Intelligence

Zhitong Finance App News, Longpan Technology (02465) announced that Jiangsu Longpan Technology Group Co., Ltd. (hereinafter referred to as the “Company”) plans to reduce capital for its wholly-owned subsidiaries Hubei Green Melon Biotechnology Co., Ltd. (hereinafter referred to as “Hubei Green Melon”), Jiangsu Boyuan Catalytic Technology Co., Ltd. (hereinafter referred to as “Platinum Source Catalysis”), and Jiangsu Tianlan Intelligent Equipment Co., Ltd. (hereinafter referred to as “Tianlan Smart”). After the capital reduction is completed, the registered capital of Hubei Green Melon will be reduced from 100 million yuan to 56 million yuan, the registered capital of Platinum Source Catalysis will be reduced from 100 million yuan to 43.6 million yuan, and the registered capital of Sky Blue Smart will be reduced from 200 million yuan to 20 million yuan. The company still holds 100% of the shares in Hubei Green Melon, Platinum Catalytic and Sky Blue Smart.