Zhixun Finance and Economics APP News, Chengdu Xuguang Electronics (600353.SH) announced that, based on its global strategy and business development needs, to enhance its business layout and improve overall competitiveness, it plans to establish a wholly-owned subsidiary in Xindu District, Chengdu City - Chengdu Xuguang Electrical Equipment Co., Ltd. (tentative name, subject to business registration), with a registered capital of 10 million yuan.

This investment is carried out around the company's main business, in line with the company's global strategy and operational development needs, beneficial for further consolidating the company's dominant position in the electrical utilities equipment sector, accelerating the overall planning and strategic layout of the company in the field of electrical equipment, promoting and expanding the application range of the company's products, and enhancing the company's product competitiveness.