China Research Corporation announced that the company plans to establish a wholly-owned subsidiary, China Research Compound (Shenzhen) Technology Co., Ltd., in Shenzhen, with an investment amount of 10 million yuan. This is aimed at utilizing Shenzhen's industrial agglomeration effect, talent reserve, and policy support, strengthening cooperation with local enterprises and research institutions, and expanding the PEEK industry. The company will invest with its own funds, holding 100% of the shares. This external investment does not constitute a related party transaction, nor does it constitute a major asset restructuring.