Beijing Creative Distribution Automation (002350.SZ) plans to establish eight wholly-owned subsidiaries with a total investment of 8 million yuan to carry out preliminary work such as feasibility studies for new energy projects.

Beijing Creative Distribution Automation (002350.SZ) announced that its wholly-owned subsidiary, Beijing Creative Distribution Automation New Energy Technology Development Co., Ltd., intends to establish eight wholly-owned secondary subsidiaries with its own funds of 8 million RMB. The subsidiaries are planned to be named Xiushan Kerui New Energy Technology Co., Ltd., Tongnan Kerui New Energy Technology Co., Ltd., Yongchuan Kerui New Energy Technology Co., Ltd., Hechuan Kerui New Energy Technology Co., Ltd., Rongchang Kerui New Energy Technology Co., Ltd., Guiyang Rongcheng Kerui New Energy Technology Co., Ltd., Zixing Kerui New Energy Technology Co., Ltd., and Guiyang Zhenghe Kerui New Energy Technology Co., Ltd. The registered capital of each subsidiary will be 1 million RMB, and they will conduct pre-feasibility studies, coordinate with relevant government departments, and prepare projects for the company's new energy projects. The establishment of these wholly-owned secondary subsidiaries aims to carry out pre-feasibility studies, coordinate with relevant government departments, and prepare projects for new energy projects in order to further expand the company's business layout in the fields of photovoltaics, wind energy, hydrogen energy, and energy storage, thereby enhancing the company's sustainable development capability and comprehensive competitiveness, which aligns with the company's development strategic planning.