Suzhou Hycan Holdings (002787.SZ) plans to invest in establishing a wholly-owned subsidiary, Suzhou Xinyuan Technology Co., Ltd.

Suzhou Hycan Holdings (002787.SZ) announced that, in order to meet the strategic development needs of the company and further promote the diversification of the company's layout, it plans to invest in the establishment of a wholly-owned subsidiary, Suzhou Xinyuan Technology Co., Ltd. (referred to as "Xinyuan Technology", temporary name, final name subject to business registration), with its own funds as a form of investment. The registered capital is 300 million RMB, holding 100% of the equity of Xinyuan Technology. The main purpose of the establishment of Xinyuan Technology is to establish an operating entity for the company's transformation and upgrading in the direction of integrated circuits, information technology, etc., and to conduct research and development, production, and sales of integrated circuit-specific temperature control equipment, integrated circuit rapid thermal processing equipment, integrated circuits. Test equipment and consumables. As a new business unit of the company, it will serve as a holding platform to integrate the integrated circuits, information technology, and related projects that the company has invested in or plans to invest in. This investment will help the company expand its business segments, enhance its sustainable development capabilities and overall competitiveness, and also help optimize the company's business and management structure, with a positive impact on the company's operations.