Zhejiang Resources (600070): Intends To Add 30 Million Yuan To Nielsen Internet Association

600070.SH announced that in order to promote the "big data" strategy, the company intends to increase its capital to the Nelson Internet media Marketing Data Services Ltd (hereinafter referred to as "Neal Sen net Holdings" or "the target company") with its own funds to the affiliated legal entity Ningbo Octopus Holding Limited (hereinafter referred to as "octopus Holdings"), with a total amount of RMB 30 million yuan, of which 12 million yuan is included in its registered capital and 18 million yuan is included in its capital reserve. After the capital increase is completed, the company will hold a 5.77% stake in Nielsen network alliance.

Nelson network is a consumer driven platform driven company with high popularity and influence in the industry. After the completion of this outbound investment, Nelson network and company can play their respective advantages in technology and resources, deeply integrate data resources and capabilities, provide better services to customers, and expand in new business areas.