Gelonghui, December 26, 丨 Nanwang Technology (301355.SZ) announced that the company held the 10th meeting of the 3rd board of directors on December 26, 2023 to review and pass the “Proposal on Foreign Investment and Establishment of Holding Subsidiaries”. In order to meet future strategic development needs and further enhance the company's comprehensive competitive strength, based on the company's strategic planning and business development needs, the company plans to jointly invest 48 million yuan of its own capital with Anhui Huishengwang (32 million yuan) to establish the company's holding subsidiary.

The name of the subsidiary is “Anhui Budaiwang Environmental Technology Co., Ltd.”, the registered capital is proposed to be “80 million yuan”, and the registered address is “No. 8, Weiqi Road, Shuangxin Industrial Park, Tongcheng Economic and Technological Development Zone, Anqing City, Anhui Province”. The business scope is proposed as “General Projects: New Material Technology Research and Development; Plastic Product Sales; Paper Product Sales; Biobased Material Manufacturing; Biobased Material Technology Research and Development; Synthetic Material Manufacturing (excluding hazardous chemicals); High performance fibers and composites Manufacturing; sales of high-performance fibers and composite materials; synthetic fiber manufacturing; synthetic fiber sales; sales of plastic packaging containers and tool products for food; manufacturing of medical packaging materials; import and export of goods (in addition to licensing business, you can independently operate items not prohibited or restricted by laws and regulations)”. The above information is finally approved by the market supervision and administration department.