Lotus Holdings: Plans to increase capital to Step Astrometrics by no more than 300 million yuan
Lotus Holdings plans to invest up to 300 million yuan in its subsidiary, Lotus Kechuang, to further invest in Shanghai Jieyue Xingchen Intelligent Technology Co., Ltd. Despite Jieyue Xingchen currently experiencing significant losses, Lotus Holdings will use its own funds for this investment. This move is not expected to significantly impact Lotus Holdings' overall business, as their primary operations are in the condiment sector. AI
IMPACT This investment may provide Jieyue Xingchen with much-needed capital to continue its AI development, despite current financial struggles.