Grace Fabric Technology Announces Regulatory Approval for Subsidiary Capital Increase via Debt-to-Equity Conversion

Deep News09-21

Grace Fabric Technology Co.,Ltd. (SH: 603256) disclosed on September 21 that its board and shareholders have approved a significant capital restructuring move for its wholly-owned subsidiary. The fourth board meeting held on August 12, 2026, along with the third extraordinary shareholders' meeting convened on August 31, 2026, both ratified the proposal to increase capital through debt-to-equity conversion.

Under this approved plan, the company will inject RMB 680 million into its subsidiary, Huangshi Grace Electronic Materials Technology Co., Ltd., by converting existing debt into equity. Following the completion of this transaction, the registered capital of Huangshi Grace will rise from RMB 1.72 billion to RMB 2.4 billion.

The subsidiary has since completed the necessary administrative procedures for this capital adjustment. Huangshi Grace recently obtained the newly issued Business License from the Market Supervision Administration of Huangshi Economic and Technological Development Zone and Tieshan District, officially registering the updated capital structure.

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