Gelonghui, December 19th丨Shenzhen Prince New Materials (002735.SZ) announced that in response to the needs of the relevant Business development in the film capacitor Sector, the company plans to establish three secondary subsidiaries in Ningbo City, Zhejiang Province, through its controlling subsidiary Ningbo Xinrong Electric Technology Co., Ltd. (referred to as 'Ningbo Xinrong'). The registered capital of each of the three proposed secondary subsidiaries will be 5 million yuan, and Ningbo Xinrong will Hold 100% of their shares, while also authorizing the company's management to handle the establishment of these three secondary subsidiaries.