According to the announcement of Shanghai Belling Corp., Ltd. (600171.SH) on the Zhongtong Finance APP, the company plans to invest 48 million yuan to establish a wholly-owned subsidiary, Zhuhai Hengqin Belling Microelectronics Co., Ltd., in the Hengqin Guangdong-Hong Kong-Macao Greater Bay Area. It is reported that the company's external investment has a certain business foundation and operation system, and it will increase investment in the research and development and industrialization of high-performance analog chips to seize the development opportunities of the Hengqin Guangdong-Hong Kong-Macao Greater Bay Area, the better semiconductor industry environment and talent resource advantages of the Greater Bay Area.