Investment establishment of Chongqing Xinghui Electric Motor Co., Ltd. by Chongqing Xishan Science & Technology (688576.SH)

Chongqing Xishan Science & Technology (688576.SH) announced that the company will invest RMB 20 million in establishing a wholly-owned subsidiary, Chongqing Xinghui Electric Motor Co., Ltd., in the Liangjiang New Area of Chongqing using its own funds. Recently, Xinghui Electric Motor obtained its business license and completed its industrial and commercial registration procedures. The establishment of this wholly-owned subsidiary through external investment is in line with the company's development strategy. It aims to leverage the company's self-developed and self-produced technology in the micro motor field, accelerate the industrialization and commercialization of specialized micro motors, and continuously strengthen the company's leading advantage in import substitution. This investment will inject core energy into the company's sustainable development, enhance its core competitiveness, and achieve sustainable growth.