Founder Holding Company (00564) subsidiary plans to invest 270 million yuan to establish Asia Newtec Heat Management Technology (Yingyang) Co., Ltd. to enhance the market competitiveness of the automotive thermal management system cold plate business.

Wisdom Financial News APP, Zhongchuang Zhiling (00564) announced that its controlling subsidiary, Yaxinke Industrial Technology (Nanjing) Co., Ltd. (hereinafter referred to as "Yaxinke Nanjing", together with its subsidiaries as "Yaxinke Group"), intends to invest RMB 270 million to establish a wholly-owned subsidiary, Yaxinke Thermal Management Technology (Yizheng) Co., Ltd. (tentative name, subject to approval and registration by the market supervision department) in order to enhance the market competitiveness of the automotive thermal management system cold plate business, consolidate market position, and lay the organizational and capability foundation for future expansion into more application areas of thermal management.