[Yuen Chang] Announcement on behalf of subsidiary Ningbo Qiyi Metal Co., Ltd. regarding the board's resolution on capital increase from retained earnings
Yuen Chang's subsidiary, Ningbo Qiyi Metal, resolved to increase capital by 5 million USD using retained earnings to boost working capital.
📋 Article Processing Timeline
- 📰 Published: April 16, 2026 at 09:00
- 🔍 Collected: April 17, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 18, 2026 at 23:52 (39h 52m after Collected)
1. Date of the board of directors resolution: 2026/04/16
2. Source of capital increase: Retained earnings from fiscal year 2025
3. Whether to adopt shelf registration for the issuance of new shares (if yes, please specify the expected issuance period / no): No
4. Total amount and number of shares issued (if it is a capital increase from retained earnings or capital reserve, the number of issued shares does not include the portion allotted to employees): Total issuance amount is USD 5,000,000; number of shares is not applicable.
5. For cases adopting shelf registration for the issuance of new shares, the current issuance amount and number of shares: Not applicable
6. For cases adopting shelf registration for the issuance of new shares, the remaining balance and number of shares after this issuance: Not applicable
7. Par value per share: Not applicable
8. Issue price: Not applicable
9. Number of shares subscribed by or allocated to employees: Not applicable
10. Number of shares publicly sold: Not applicable
11. Ratio of subscription or gratuitous allocation to original shareholders: Not applicable
12. Handling method for fractional shares and overdue unsubscribed shares: Not applicable
13. Rights and obligations of the newly issued shares: Same as the originally issued shares.
14. Purpose of the funds from this capital increase: To increase working capital.
15. Other matters needing explanation: None
2. Source of capital increase: Retained earnings from fiscal year 2025
3. Whether to adopt shelf registration for the issuance of new shares (if yes, please specify the expected issuance period / no): No
4. Total amount and number of shares issued (if it is a capital increase from retained earnings or capital reserve, the number of issued shares does not include the portion allotted to employees): Total issuance amount is USD 5,000,000; number of shares is not applicable.
5. For cases adopting shelf registration for the issuance of new shares, the current issuance amount and number of shares: Not applicable
6. For cases adopting shelf registration for the issuance of new shares, the remaining balance and number of shares after this issuance: Not applicable
7. Par value per share: Not applicable
8. Issue price: Not applicable
9. Number of shares subscribed by or allocated to employees: Not applicable
10. Number of shares publicly sold: Not applicable
11. Ratio of subscription or gratuitous allocation to original shareholders: Not applicable
12. Handling method for fractional shares and overdue unsubscribed shares: Not applicable
13. Rights and obligations of the newly issued shares: Same as the originally issued shares.
14. Purpose of the funds from this capital increase: To increase working capital.
15. Other matters needing explanation: None