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Securities Daily News On the evening of May 27, Yida issued an announcement stating that the company will hold a meeting on May 24, 2024starzmegawaysslotThe 20th meeting of the fourth board of directors reviewed and approved the "Proposal on Capital Increase of Taixing Yida Chemical Co., Ltd.". As the holding subsidiary Taixing Yida Chemical Co., Ltd.(referred to as "Taixing Yida") implements the construction of the "Technical Transformation Project of 220,000 tons of epoxypropylene (ethylene) derivatives with an annual output of 220,000 tons", the company plans to use its own funds to increase the capital of the holding subsidiary Taixing Yida by 360 million yuan. Taixing Yida's other shareholder, Yangzhou Huitong Technology Co., Ltd., waived its preferential subscription rights for this capital increase. This transaction does not need to be submitted to the shareholders 'meeting for review.