[Shengtai Group: plans to increase capital by 450 million yuan to wholly-owned subsidiary in the form of debt-to-equity swap]-- Shengtai Group announced that the company intends to increase 450 million yuan in knitting capital of Shengtai, a wholly-owned subsidiary, in the form of debt-to-equity swap, all of which will be included in the registered capital. After the completion of the capital increase, the registered capital of Shengtai Knitting will increase from 255 million yuan to 705 million yuan, and the company still holds 100% equity in Shengtai Knitting.