Lukang Culture (601599): Plans To Increase Capital Of RMB 200 Million To Lukang Technology, And The Stock Abbreviation Is To Be Changed To "Zhejiang Film"

Lukang culture (601599. SH) announced that Jiangsu Lugang Technology Co., Ltd. (Lugang Technology) is a wholly-owned subsidiary of the company. According to the current operation and future development plan of the company, the company plans to increase its currency capital by 200 million yuan. After the completion of capital increase, the registered capital of Lukang science and technology will increase from 250 million yuan to 450 million yuan.

The company's capital increase is to further meet the business development needs of Lugang technology, expand the company's overall business scale, enhance market competitiveness, and enhance the company's overall operating capacity. This transaction is in line with the company's long-term development strategy and in the interests of all shareholders.

Lukang culture (601599. SH) announced that on March 26, 2021, the company held the eighth meeting of the sixth board of directors, deliberated and passed the proposal on changing the abbreviation of securities, agreed to change the abbreviation of securities from "Lugang culture" to "Zhejiang film", and the company stock code "601599" remained unchanged.