GRG Banking's subsidiary advances strategic investor introduction

GRG Banking Equipment (SZSE:002152) announced that its wholly-owned subsidiary, Yuntong Information, has advanced in its plan to introduce strategic investors and implement an employee stock ownership plan. The plan involves increasing Yuntong Information's registered capital by no more than CNY 16,666,670. In January, the company approved the introduction of no more than four strategic investors, including Guangzhou Data Group, via public listing and private agreement. The final investors are Guangzhou Guangshang Xin Fu Industrial Investment Fund Partnership (Limited Partnership), Guangzhou City Development Intelligent Innovation Equity Investment Partnership (Limited Partnership) (referred to as "Intelligent Innovation Fund"), and Guangzhou State-owned Assets Mixed Reform Phase II Equity Investment Fund Partnership (Limited Partnership). They will subscribe at CNY 4.90 per share for a total of CNY 32,157,482, equivalent to CNY 6,562,751 of registered capital. The company also noted that Intelligent Innovation Fund is associated with GRG Banking through personnel connections, making the transaction a related party transaction requiring board approval.