Merrison plans to increase investment in US subsidiary

Chongqing Merixon Technology Co., Ltd. (Merixon for short) announced plans to increase capital in its wholly-owned subsidiary MCT in the United States by US$56.972 million (or equivalent in RMB). The funds will be used for equipment purchase, plant renovation and expansion, and daily production and operation, and will be fully included in the registered capital of MCT.