Snow Dragon: Planning to jointly invest 10 million yuan with Huairou Hard Technology Company to establish a holding subsidiary.
Snow Dragon Corporation Announcement: The company plans to jointly establish a holding subsidiary, Huai Zhong Mass Spectrometry Technology Co., Ltd., with Beijing Huairou Hard Technology Innovation Service Co., Ltd. The registered capital of the holding subsidiary is 10 million yuan, with Snow Dragon contributing 8 million yuan from its own funds, accounting for 80.00% of the registered capital; Huairou Hard Technology Company will contribute 2 million yuan, accounting for 20.00% of the registered capital. This investment aims to focus on the field of mass spectrometry technology, promote industry exchanges and cooperation, and promote industry development. The investment amount accounts for 0.31% of Snow Dragon's latest audited net assets and will not have a significant adverse impact on the company's financial and operating conditions.
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