Qingdao Topscomm Communication INC.(603421.SH) intends to establish a wholly-owned subsidiary Qingdao Haina Data Smart Media Technology Co., Ltd.

Qingdao Topscomm Communication INC. (603421.SH) has issued an announcement that, in order to meet the business development needs of the company, it plans to invest RMB 10 million to establish a wholly-owned subsidiary called Qingdao Haina Intelligent Media Technology Co., Ltd. (proposed name, subject to final approval by the industrial and commercial administration department).