According to CoinMeta, Xinjiang Tianye announced that its wholly-owned subsidiary, Xinyuan Company, intends to contribute land use rights and above-ground buildings and structures valued at 34.0162 million yuan to Tianchuang Technology in exchange for a registered capital increase of 9.7632 million yuan. Tianhe Yida, another related party, will contribute 825,000 yuan in cash to acquire an additional 236,800 yuan of registered capital. After this capital increase, Tianchuang Technology's registered capital will rise to 20 million yuan, with Xinyuan Company holding 48.82% of the shares and Tianhe Yida still holding 51.18%, remaining as the controlling shareholder. This transaction constitutes a related-party deal but does not qualify as a major asset reorganization. It has been approved by the state-funded enterprise and the company's board of directors, and therefore does not require approval from the shareholders' meeting.