On November 8, Gelonhui reported that Intel Technology (301399.SZ) announced that the company held the ninth meeting of the second session of the board of directors and the ninth meeting of the second session of the supervisory board on November 8, 2024. It reviewed and approved the "Proposal for the Establishment of a Wholly-owned Subsidiary" to be established with its own funds of 20 million RMB in Huzhou City, Zhejiang, named Zhejiang Intel Heat Exchange Technology Co., Ltd. (tentative name, subject to final approval by the market supervision department).

The company's plan to establish a wholly-owned subsidiary this time is based on business planning and the needs of company operations. It aims to increase the development efforts in market expansion, business operations, and other areas, thereby enhancing the company's overall competitiveness and market share. It is to create greater value for shareholders and promote the company's long-term sustainable development.