According to the Zhitong Finance APP, the announcement of Biyi Corporation (603215.SH) stated that the company plans to invest in establishing a wholly-owned subsidiary Ningbo Biyi Import and Export Co., Ltd (tentative), with a capital contribution of 2 million yuan from its own funds. The establishment of this wholly-owned subsidiary by the company is based on the actual needs of the company's development, to provide necessary import and export trade agency services for the smooth operation of the company's overseas production base. The company's secondary subsidiary, Fujirunda (Thailand) Co., Ltd., serves as the company's production base layout in Thailand. Currently, the construction of this base is in the final stages, with preliminary work on the entry and testing of machinery and equipment simultaneously beginning, and it is expected to start trial production in the first quarter of next year.