Fangzheng Valve: It is planned to invest in Dubai to establish a wholly-owned subsidiary with its own funds.

Fangzheng Valve Announcement: In order to better promote the expansion of the company's international business and meet the needs of overseas customers, promote the high-quality development of the company's business, further enhance the company's comprehensive competitive strength and future sustainable development momentum, the company plans to invest with its own funds to establish a wholly-owned subsidiary in Dubai.