Fulun FineWorks: Investing 50 million yuan to establish a wholly-owned subsidiary Sichuan Banqiao Intelligent.

Fulin Precision announced that, in order to meet the needs of the company's smart robot industry development, the company has established a wholly-owned subsidiary, Sichuan Banqiao Intelligent Robot Co., Ltd., in Fucheng District, Mianyang City with its own capital of 50 million yuan, and has obtained a business license. The company holds 100% equity of it, and its business scope includes smart robot research and development, manufacturing, etc. This investment will not have a significant impact on the company's production, operation, and financial situation, but the future operation of the subsidiary may face risks such as policies and competition.