Yunnan Lincang Xinyuan Germanium Industry (002428.SZ) plans to establish controlling interests in Yunge Germanium Biotechnology to carry out organic germanium-related businesses.

Yunnan Lincang Xinyuan Germanium Industry (002428.SZ) announced that the board of directors has approved the proposal to establish a holding subsidiary through external investment. The company agrees to jointly invest 10 million yuan with Kunming Haheva Enterprise Management Partnership Enterprise (Limited Partnership) (referred to as "Kunming Haheva") to establish the holding subsidiary Yunnan Lincang Xinyuan Germanium Industry Biotechnology Co., Ltd. (tentative name, referred to as "Yunzhi Biotech"). Yunzhi Biotech is mainly engaged in the development of daily chemical products and other organic germanium-related application products with organic germanium as the core.