Shenhao Technology (300853.SZ) plans to invest 70 million yuan to establish a subsidiary specializing in smart body technology.

Zhifutong Finance APP news, Shen Hao Technology (300853.SZ) announced that, in order to seize the opportunities in the field of wearable smart technology, and improve strategic planning, the company plans to use its own funds of 70 million yuan to establish a wholly-owned subsidiary, Hangzhou Shen Hao Wearable Smart Technology Co., Ltd., in Hangzhou City.