Shining Bright: Planning to invest 5.1 million yuan to set up a holding subsidiary company.

Shining Group announced that the 20th meeting of the sixth board of directors of the company approved the proposal to establish a holding subsidiary through external investment. The company will establish a joint venture technology company in Hangzhou with Hangzhou Voice Holdings Co., Ltd., with a registered capital of 10 million yuan. The company will contribute 5.1 million yuan in cash from its own funds, accounting for 51%; Hangzhou Voice Holdings will contribute 4.9 million yuan in cash, accounting for 49%. After the investment is completed, the joint venture company will become a subsidiary of the company and will be included in the consolidated financial statements.