HuaYuan Holdings: Investing 300 million RMB to establish a wholly-owned subsidiary and obtain a business license.

According to the announcement of Huayuan Holdings, the company will convene the 12th meeting of the Fifth Board of Directors in 2025 to review and approve the proposal to establish a wholly-owned subsidiary, Suzhou Huayuan Semiconductor Co., Ltd., through external investment, with a capital contribution of 300 million yuan from its own funds to hold 100% of its shares. Recently, the subsidiary has completed the industrial and commercial registration procedures, obtained the business license issued by the Suzhou Wujiang District Data Bureau, and the legal representative is Zhang Jian. Its business scope covers various areas including manufacturing and sales of semiconductor device specific equipment, import and export agent services, etc.