KONE Elevator: plans to reduce the capital of its wholly-owned subsidiary by 30 million yuan

Golden Ten Data, October 9th, Kangli Elevator announced that the board of directors has approved the proposal to reduce the capital of its wholly-owned subsidiary, Guangdong Kangli Elevator Co., Ltd. According to the company's strategic plan, it has been decided to reduce the registered capital of Guangdong Kangli from 160 million yuan to 130 million yuan, with a reduction amount of 30 million yuan. This capital reduction matter is within the authority of the board of directors and does not require the approval of the shareholders' meeting. After the capital reduction is completed, Guangdong Kangli will still be a wholly-owned subsidiary of Kangli Elevator, which will not affect the scope of consolidated financial statements or have a significant impact on the company's financial condition and operating performance.