Chengdu Xuguang Electronics (600353.SH) plans to establish a subsidiary in Xindu District, Chengdu City to accelerate its strategic layout in the field of power equipment.

Chengdu Xuguang Electronics (600353.SH) announced that, based on strategic planning and business development needs, the company plans to establish a wholly-owned subsidiary in Xindu District, Chengdu City - Chengdu Xuguang Power Equipment Co., Ltd. (tentative name, subject to business registration approval), with a registered capital of 10 million RMB. This investment is in line with the company's core business and strategic planning, and will help further consolidate the company's leading position in the power equipment industry. It will accelerate the overall planning and strategic layout of the company in the field of power equipment, promote and expand the company's product applications, and enhance the company's product competitiveness.