ST JinGang (300093.SZ) subsidiary is planning to invest in setting up Beijing JinGang Shuhai Zhisuan Technology Co., Ltd.

CHINATOKYO Financial APP News, * ST Diamond (300093.SZ) released an announcement that the company is advancing pre-restructuring and restructuring procedures to strengthen the company's operational foundation. Based on the positive outlook for the development of the intelligent computing power industry, the companys wholly-owned subsidiary Shanghai Diamond Glass Fire Technology Co., Ltd. (referred to as "Shanghai Diamond") is using self-raised funds to invest in and establish Beijing Diamond Number Sea Intelligent Computing Technology Co., Ltd. (referred to as "Diamond Number Intelligence"), with a registered capital of 10 million yuan, Shanghai Diamond subscribing 100% of the capital. At the same time, the restructuring investor Shanghai Hongqi Cloud Technology Group Co., Ltd. will leverage its own industry advantages and resource advantages, rely on its accumulation in computing power business, and assist the company in expanding new businesses.