Morning Technology (603685.SH) plans to increase funding to its wholly-owned subsidiary NorthNet Intelligent Computing by 90 million yuan.

Intelligent Finance APP News, Chenfeng Technology (603685.SH) announced that the company is focusing on the development of incremental distribution networks and new energy power plant business. In order to further layout the field of electric calculation integration (low-cost green electricity + calculation power), and create a green power + calculation power integration new ecology based on incremental distribution networks, enrich the green electricity consumption scenarios, and promote business upgrading and diversified development, the company plans to invest RMB 90 million with its own funds to increase the capital of its wholly-owned subsidiary Beiwang Zhisuan. After the capital increase, Beiwang Zhisuan's registered capital will change from 30 million yuan to 120 million yuan. After the capital increase, Beiwang Zhisuan will still be a wholly-owned subsidiary of the company.