Hangzhou High-tech: Plans to invest 30 million yuan to establish a wholly-owned subsidiary.

Hangzhou High-Tech announced that the company held a board meeting on August 4, 2026, where a proposal was approved to invest in the establishment of a wholly-owned subsidiary, "Zhejiang High-Tech Materials Technology Co., Ltd." with a registered capital of 30 million yuan, fully funded by its own cash, to specifically engage in the business of polymer materials for cables, achieving specialized operation and management of its business segment.