Announcement on the Capital Reduction of Shenzhen Shilian Microfinance Co., Ltd.
Shenzhen Shilian Group Co., Ltd. and all members of the board guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or major omissions.
I. Overview of the Capital Reduction
- Basic Situation of the Capital Reduction
According to the development strategy of Shenzhen Shilian Group Co., Ltd. (hereinafter referred to as "the Company"), in order to improve resource allocation efficiency and effectiveness, it is proposed to reduce the registered capital of its wholly-owned subsidiary, Shenzhen Shilian Microfinance Co., Ltd. (hereinafter referred to as "Shilian Microfinance"), by RMB 400 million (the final reduction amount is subject to approval by relevant departments). After the capital reduction, the registered capital of Shilian Microfinance will decrease from RMB 900 million to RMB 500 million, and the Company will still hold 100% equity in Shilian Microfinance.