Xinquan Co., Ltd.: Completed the establishment of a wholly-owned subsidiary in Jinzhong, Shanxi.

New Spring Corporation announced that the company has completed the industrial and commercial registration procedures for the establishment of Jinzhong New Spring Automobile Decoration Parts Co., Ltd. in Jinzhong City, Shanxi Province, and obtained the "Business License". Jinzhong New Spring Automobile Decoration Parts Co., Ltd. has a registered capital of 10 million yuan, mainly engaged in the research, design, manufacturing, and sales of automobile decoration parts systems.