Jiangsu Lixing General Steel Ball announced that the company plans to establish a wholly-owned subsidiary called Lixing (Shanghai) Trading Co., Ltd. (tentative name) in Pudong New Area, Shanghai with its own funds of 5 million yuan. The investment was approved by the board of directors on July 22, 2024 and does not require the approval of the shareholders' meeting. The purpose of this investment is to expand the business, enhance the company's comprehensive competitiveness and profitability, and will not have a significant impact on the company's financial and operational status.
力星股份：拟投资500万元设立全资子公司
Jiangsu Lixing General Steel Ball: plans to invest 5 million yuan to establish a wholly-owned subsidiary.
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