Zhutong Finance APP News, Guilin Fuda Co.,Ltd. (603166.SH) announced that based on the current actual operation situation and subsequent business development plans, in order to optimize resource allocation and organizational structure, reduce management costs, improve operation and management efficiency, effectively control investment risks, it is proposed to deregister two wholly-owned subsidiaries, Fuda New Energy Technology (Taicang) Co.,Ltd. and Fuda (Europe) Technology Co.,Ltd. The business originally planned to be carried out by Fuda New Energy Technology (Taicang) Co.,Ltd. will be transferred to a new branch established by the company. The deregistration of the two wholly-owned subsidiaries this time is beneficial for further saving company resources, reducing enterprise management costs, and improving the overall operation quality of the company.

As the company's development cooperation with customers such as Schaeffler progresses, and the continuous expansion of new customers and new businesses in the cni yangtze index region, customers have raised higher requirements for the company's localization service level and response speed. In order to better integrate regional market resources, enhance customer service capabilities, improve the response speed of localization services, and further enhance the quality of regional market services, the company plans to establish a branch in Taicang and authorize the company's management to handle the relevant matters related to the establishment of this branch.