XFH plans to invest in the establishment of Xiangzhan New Materials to meet future business development needs
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According to the announcement from XFH, based on the company's strategic planning and operational development needs, in order to meet future business development requirements, the company intends to invest RMB 6 million with its own funds to establish Sichuan Xiangzhan New Materials Technology Co., Ltd. ("Xiangzhan New Materials"), holding a 60% stake. Xiangzhan New Materials will become a subsidiary controlled by the company and will be included in the company's consolidated financial statements
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