· Shanghai Waigaoqiao: Piloting imported cars in the free trade zone

Waigaoqiao announced on the evening of November 13 that the company will take the same amount of capital increase as the wholly-owned subsidiary Shanghai Waigaoqiao International Trade Operation Center Co., Ltd. and its controlling shareholder Shanghai Waigaoqiao (Group) Co., Ltd. Increased capital for Shanghai Waigaoqiao Auto Trading Market Co., Ltd. After the implementation of the capital increase, the registered capital of the automobile trading market will increase from 10 million yuan to 50 million yuan. After the capital increase, the shareholding structure will remain unchanged.
The announcement pointed out that the funds for this capital increase are mainly used for piloting parallel imported cars in the Pilot Free Trade Zone. This is an important pioneering test in the Pilot Free Trade Zone and is of great significance to promoting the international practice of China's import automobile trade.

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