The company's capital increase to its wholly-owned subsidiary is not a legal basis for related party transactions.

The legal basis for the company to increase capital of its wholly-owned subsidiaries is not related transactions, but one of the following.

1. Article 73 of the Company Law of People's Republic of China (PRC) stipulates: "When a parent company increases its capital to a subsidiary, it shall report to the board of directors or the shareholders' meeting and report to the company registration authority within a reasonable time. "

2. Article 96 of the Securities Law stipulates: "Related party transactions shall be open, fair, just and timely, and shall not harm the interests of listed companies and minority shareholders. However, transactions with subsidiaries are excluded. "

Related party transactions refer to commercial transactions between a company and its shareholders, executives, subsidiaries, related parties and other related persons or entities.