Zhitong Finance App News, Dingtai Hi-Tech (301377.SZ) announced that according to development strategies and business planning needs, the company used its own capital of 5 million yuan to establish a wholly-owned subsidiary, Dongguan Dingtai South China Procurement Service Co., Ltd.

Recently, Dongguan Dingtai South China Procurement Service Co., Ltd. completed the industrial and commercial registration procedure and obtained a “Business License” issued by the Dongguan Municipal Administration of Market Supervision. The investment to establish a wholly-owned subsidiary is conducive to strengthening the company's supply chain management, improving procurement efficiency, reducing procurement costs, and has a positive effect on enhancing the competitiveness of the company's products.