Xinfengming Group (603225.SH) subsidiary plans to invest in the establishment of two companies.

Xinfengming Group (603225.SH) announced that, to meet the needs of the company's future development strategy and continuously advance industrial layout and optimization, its wholly-owned subsidiary Tiannuo New Materials contributed RMB20 million to establish Tianmen Zhaoyu Energy Technology Co., Ltd. ("Zhaoyu Energy"), holding a 100% stake; Tiannuo New Materials contributed RMB76 million and Tianmen Gaotou Thermal Power contributed RMB4 million to jointly establish Tianmen Zhaohong Thermal Power Co., Ltd. ("Zhaohong Thermal Power"), with Tiannuo New Materials holding a 95% stake and Tianmen Gaotou Thermal Power holding a 5% stake.