Bailong Innovation Park: intends to invest 10 million yuan to establish a wholly-owned subsidiary in Shanghai.

Announcement of Hundred Dragons Creative Park: The company plans to invest 10 million yuan to establish Shanghai Hundred Dragons Creative Park Biotechnology Co., Ltd., accounting for 100% of the registered capital. This investment aims to strengthen the construction of the overseas sales team and actively develop the international market. The company's main products are positioned in the middle to high-end market, with products exported to countries and regions such as the United States, Canada, Russia, and South Korea. The overseas market has always been an important source of income and profit for the company. Shanghai, as a center for international economy, finance, trade, shipping, and technological innovation in China, has advantages in location, talent, policies, and supporting facilities for international trade. After the establishment of the subsidiary in Shanghai, the company will continue to increase the introduction of talents related to international trade in Shanghai, rely on Shanghai's location advantages to expand overseas customers, develop and exchange technology, improve the company's export business income, strengthen technical exchanges with customers, improve overseas customer service capabilities, and overall profitability.