Yasheng Group: Fully-owned subsidiary plans to invest 30 million RMB to establish a company and strengthen supply chain construction.

Yasheng Group announced on the evening of June 20th that, in order to strengthen the supply chain construction and ensure the long-term stable supply of raw materials for the sugar industry, its wholly-owned subsidiary, Gansu Yasheng Tianyuan Agricultural Development Co., Ltd., plans to invest 30 million yuan in cash to establish a wholly-owned subsidiary, Gansu Yasheng Ganyuan Agricultural Technology Co., Ltd, in Ganzhou District, Zhangye City, Gansu Province. The establishment of this subsidiary is in line with the company's long-term development strategy and future business development needs, and will help promote the sustainable, stable, and healthy development of the company's sugar industry.