Wuxi Unicomp Technology (688531.SH) plans to jointly invest 20 million yuan with related parties to establish a holding subsidiary called Rilian Vision.

Wuxi Unicomp Technology (688531.SH) announced that in order to broaden the company's product application scope, improve the company's business layout, and enhance the company's overall competitiveness, the company plans to establish a holding subsidiary, Wuxi Rilian Vision Technology Co., Ltd., with a total investment of 20 million yuan from Mr. Wang Pengtao, Mr. Ye Junchao, and Mr. Le Zhongqi. The company plans to contribute 14 million yuan, holding 70%; Mr. Wang Pengtao plans to contribute 4 million yuan, holding 20%; Mr. Ye Junchao plans to contribute 1.2 million yuan, holding 6%; and Mr. Le Zhongqi plans to contribute 800,000 yuan, holding 4%. Among the above-mentioned shareholders, Mr. Wang Pengtao is the current supervisor and sales director of the company; Mr. Ye Junchao is the director and general manager of the company; and Mr. Le Zhongqi is the director and financial officer of the company. According to the rules of the Shanghai Stock Exchange Sci-Tech Innovation Board, Mr. Wang Pengtao, Mr. Ye Junchao, and Mr. Le Zhongqi are considered related parties of the company, and this investment constitutes a related party transaction. This related party transaction does not constitute a major asset restructuring as defined by the Regulations on the Management of Major Asset Restructuring of Listed Companies. After this investment is completed, the above-mentioned target company will be included in the company's consolidated financial statements as a subsidiary controlled by the company.