Summary by Moomoo AI
In July 10th, 2024, Innovatech Technology Group Co., Ltd. ("Innovatech") announced that its largest shareholder group's equity structure has changed. Nanjing Norscinda Management Consulting Co., Ltd. ("Norscinda") intends to receive further capital increase, which will be provided by Nanjing Norscinda Xin Enterprise Management Co., Ltd. ("Norscinda Xin"), the ultimate beneficial owner of which is Dr. Kaifu Lee, director of Innovatech. After the capital increase is completed, Norscinda Xin's shareholding ratio in Norscinda will be increased from about 16.53% to about 29.57%. In addition, Norscinda has completed its capital increase in Innovate Factory (Beijing) Enterprise Management Co., Ltd. ("Innovate Factory") in early 2024, and the shareholding ratio will reach about 25.96%. Currently, Innovatech's largest shareholder group holds about 27.33% of the company's shares, of which Norscinda directly holds about 1.53% and Innovate Factory directly holds about 23.89%. The board of directors stated that this change in equity structure will not have a significant impact on the group's operations, and the position of the largest shareholder group remains unchanged.