Chinachem Technology Participates in Lithography Materials Company

Sinochem News.
com News on September 12, Chinachem Technology announced that in order to promote its industrial layout in the field of semiconductor materials, the company reviewed and approved the "Proposal on the Company's Proposed Capital Increase to its Wholly Owned Subsidiary" and "About the Company's Proposed Subsidiary Proposal to Increase Capital to Dongyang Kaiyang" "Proposal on Dongyang Kaiyang's Proposal to Initiate the Establishment of Joint Venture Companies with Xuzhou Bokang, Dongyang Jintou, and Yuan Jinqing"
.

According to the announcement, Chinachem Technology intends to use its own funds to increase the capital of its wholly-owned subsidiary Chinachem Dongyang by 600 million yuan.
After the capital increase is completed, the total registered capital of Chinachem Dongyang will be changed to 1.
5 billion yuan, which is still a wholly-owned subsidiary of Chinachem Technology.
Company
.

In addition, the announcement also shows that Dongyang Kaiyang intends to establish a joint venture with Xuzhou Bokang and others, of which Dongyang Kaiyang subscribes a registered capital of 280 million yuan and holds 40% of the shares
.