Guangqi Group Technology Company increased its capital to 1.2 billion, an increase of approximately 25%.

According to the Tianyancha App, on February 11, Guangzhou Automobile Group Technology Co., Ltd. underwent a change in its business registration, with the registered capital increasing from 96.99 million RMB to approximately 120 million RMB, representing a 25% increase. The company was established in January 2017, with Zhang Fan as the legal representative. Its business scope includes research and development of engine thermal management system technology, research and development of engine thermal balance system technology, engineering and technical basic scientific research services, and engineering and technical research and experimental development. Shareholder information indicates that the company is wholly owned by the Guangzhou Automobile Group.