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In order to strengthen team incentives, help to introduce new technical talents, support the sustainable and healthy development of subsidiaries, enhance their market's ability to resist risks, and enhance the overall future benefits of subsidiaries. After the decision of the original shareholder of Huazhi Measurement and Control, it was agreed to increase the investment of 400,000 yuan by Mao Zhouming and the additional shareholder Jinpeng to invest 700,000 yuan. Other shareholders gave up the capital contribution. After the capital increase was completed, the registered capital of Huazhi Measurement and Control increased to 4.1 million yuan.
In addition, Moso Power will hold a shareholders meeting on May 7th. The meeting will change the company name “Shenzhen Maoshuo Power Technology Co., Ltd.†to “Mao Shuo Power Technology Co., Ltd.â€.
Shenzhen Huazhi Measurement & Control Technology Co., Ltd. (hereinafter referred to as “Huazhi Measurement and Controlâ€) is the holding subsidiary of Moso Power. The original registered capital is RMB 3 million. The company holds 69.6% of its equity. Shenzhen Beike Investment Development Co., Ltd. (hereinafter referred to as “Beike Investmentâ€) holds a 10.4% equity ratio and Mao Zhouming holds a 20% equity ratio.