Zhou’s Plastic is a plastic packaging bag manufacturer, focusing on degradable plastic bags and packaging industries. Daun Co., Ltd. announced a few days ago that the company increased capital of RMB 61.24 million to Zhou’s Plastics in cash, of which RMB 10.4082 million was included in Qingdao Zhou’s paid-in capital, and the excess of paid-in capital of RMB 50.8318 million was included in capital reserve. After the capital increase is completed, Qingdao Zhou will become a holding subsidiary of the company and be included in the scope of the company’s consolidated statements.
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