New Tech: Establish a wholly-owned subsidiary with own funds of 100 million yuan.

New Tech Announcement: The company plans to use its own funds of 100 million yuan to invest in the establishment of a wholly-owned subsidiary, Jiangsu New Tech Robot Technology Co., Ltd., and through this wholly-owned subsidiary, invest 5 million yuan to establish a wholly-owned subsidiary, Shanghai New Tech Robot Technology Co., Ltd. Jiangsu New Tech Robot is mainly engaged in the industrialization of robots and related parts products, while Shanghai New Tech Robot is mainly engaged in the research and development of robots and related parts products.