Jiangyin Hengrun Heavy Industries (603985.SH) plans to establish a wholly-owned subsidiary to engage in computing power-related businesses.

Jiangyin Hengrun Heavy Industries (603985.SH) announced that its holding subsidiary, Shanghai Runliuchi Technology Co., Ltd., intends to establish a wholly-owned subsidiary, Runliuchi Technology (Shantou) Co., Ltd., in Shantou City, with a registered capital of 100 million yuan. After the new company is established, it will engage in computing power-related businesses. This investment aims to further expand the computing power business market, leveraging the resources and policy benefits of Shantou City, and jointly explore new paradigms for digital overseas expansion to enhance the company's overall competitive strength.