Sosen: Plans to establish a wholly-owned subsidiary with an investment of 5 million yuan

Sosen announced that the company plans to establish a wholly-owned subsidiary, Guangdong Sosen Import and Export Co., Ltd., with a registered capital of 5 million RMB. The new company will be located in Xiaolan Town, Zhongshan City, Guangdong Province, with Tian Nianbin serving as the legal representative. The business scope includes the sale of lighting fixtures, sale of electronic products, and sale of specialized equipment for the production of lighting fixtures. The investment funds will come from the company's own funds, and this transaction does not constitute a related party transaction or a significant asset restructuring