Boyuan Co., Ltd. announced that it intends to legally absorb and merge its wholly-owned subsidiary Weifang Rongyuan New Materials Co., Ltd. After the merger is completed, Weifang Rongyuan's independent legal status will be cancelled, and all its Assets, debts, and claims will be inherited by the company according to the law. This merger is beneficial for the company to integrate resources, improve Asset running efficiency, optimize the organizational structure, and enhance management efficiency.
博苑股份：拟吸收合并全资子公司潍坊荣源
Boyuan Co., Ltd.: Plans to merge its wholly-owned subsidiary Weifang Rongyuan.
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