Longshengtai recently announced that the company's holding subsidiary Orange He (Beijing) Information Technology Co., LTD. (hereinafter referred to as "Orange He") intends to invest in Hong Kong to establish Hong Kong Orange He Health Technology Co., LTD. (the name of the company shall be subject to the name approved by the registration authority), with the registered capital of120Ten thousand dollars, with Orange and Orange contributing120Ten thousand dollars of registered capital100%.

Ring view:The purpose of this capital increase in the Hong Kong subsidiary is to further enhance the capital strength of Hong Kong Oriental Yuhong, enhance its own operational capacity, and effectively support the business development of Hong Kong Oriental Yuhong, so as to ensure the smooth implementation of the above investment projects. In addition, the capital increase will enhance the company's overseas brand awareness and core competitiveness, provide effective support for the company to further explore overseas markets, and lay a solid foundation for the company's future sustainable and stable development.

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