XUNZHONG (02597) plans to establish a holding subsidiary Anhui Yuhe Shuto Intelligent Technology Co., Ltd. in Ma'anshan City, Anhui Province.

XUNZHONG (02597) announced that the company has established a holding subsidiary, Anhui Yuhe Shutong Intelligent Technology Co., Ltd., in Ma'anshan City, Anhui Province, in response to strategic planning and business development needs. The registered capital of the subsidiary is RMB 5 million, with the company holding 51% of the registered capital and Anhui Mingtai Electronics Technology Co., Ltd. holding 49%. The establishment of the holding subsidiary is based on the company's strategic planning and business development needs, which is beneficial for further enhancing the company's overall competitiveness and achieving long-term strategic development goals, thereby having a positive impact on the company's long-term development.