Shunhao Share announced that the company plans to increase its capital by 74.9804 million yuan in its equity-held subsidiary, Guidao Chenguang. After the capital increase, it will hold a 28.68% stake in Guidao Chenguang. As Guidao Chenguang is a related legal entity of Shunhao Share, this capital increase constitutes a related-party transaction. Guidao Chenguang's main business involves launching computing-power satellites into dawn-dusk orbits to build a space data center and provide computing-power services. Its business scope covers the production and manufacturing of microsatellites, scientific research and experiments, as well as internet information services.
