Fulin Precision (300432.SZ) invests 50 million yuan to establish Banqiao Intelligent Siasun Robot & Automation Company in Mianyang City.

Fulin Precision (300432.SZ) announces that, in order to meet the needs of the company's intelligent Siasun Robot & Automation industry development and promote the research and development and manufacturing capabilities of key components of the humanoid Siasun Robot & Automation intelligent joints, the company has established a wholly-owned subsidiary named Sichuan Banqiao Intelligent Siasun Robot & Automation Co., Ltd. in Fucheng District, Mianyang City with its own capital of 50 million yuan, and has obtained a Business License issued by the Fucheng District Administration for Industry and Commerce of Mianyang City.