The board of directors at Chenfeng Technology has approved the allocation of 90 million yuan from its internal funds to augment the capital of its wholly-owned subsidiary, Beiwang Zhisuan. This injection will elevate the subsidiary's registered capital from 30 million yuan to 120 million yuan. The primary objective of this capital increase is to pave the way for advancements in the field of electro-computing integration, fostering a novel ecosystem that harmoniously blends green energy with computational power. Additionally, this move aims to propel the company's business evolution and diversification efforts. Following the capital infusion, Beiwang Zhisuan will continue to operate as a wholly-owned subsidiary, eliminating the need for shareholder meeting deliberations and ensuring that the transaction does not constitute a related-party deal or significant asset restructuring.