Subsidiary of Zhongchuang Intelligent Leading (601717.SH) plans to invest 270 million yuan to establish Yaxinke thermal management technology (Yizheng) Co., Ltd.

Zhizhong Financial APP News, Zhongchuang Zhiling (601717.SH) announced that the company's controlling subsidiary, Yaxinke Industrial Technology (Nanjing) Co., Ltd. (referred to as "Yaxinke Nanjing" hereinafter, collectively with its subsidiaries as "Yaxinke Group"), is planning to invest 270 million yuan to establish a wholly-owned subsidiary, Yaxinke Thermal Management Technology (Yizheng) Co., Ltd. (tentative name, subject to approval by the market supervision department), in order to enhance the market competitiveness of its automotive thermal management system cooling plate business, consolidate its market position, and lay a solid organizational and capability foundation for future expansion into more application areas of thermal management.