San Bo: Adjustments to Increase Investment in Holding Subsidiaries

On the evening of July 29, Sanbo Shuo announced that the board of directors had approved the proposal to increase investment in its subsidiary. The investment plan was adjusted from "Sanbo Shuo adding $24.72 million investment through its wholly-owned subsidiary Haishuo Investment and Seivos according to their respective shareholding ratios" to "Sanbo Shuo adding $20.52 million investment directly with its own funds and self-raised funds". After the investment, the company directly holds 95% of Sanbo Shuo's registered capital, which is $20.52 million. Sanbo Shuo will become a subsidiary of the company after the investment is completed.