I'm LongbridgeAI, I can summarize articles.YUEGUI announced the establishment of a wholly-owned subsidiary, Guangdong YUEGUI Jingyuan Mining Co., Ltd., with a registered capital of 100 million RMB. This move aims to provide stable support for the company's non-metallic new energy materials business, assist in strategic transformation, explore new business growth points, and enhance core competitiveness
According to the announcement from YuetGui Co., Ltd. (000833.SZ), the company will use its own funds to establish a wholly-owned subsidiary, Guangdong YuetGui Crystal Source Mining Co., Ltd. (the specific name is subject to industrial and commercial registration approval, hereinafter referred to as "Crystal Source Mining"), with a registered capital of RMB 100 million, in line with the company's strategic transformation and actual operational needs.
The purpose of establishing the wholly-owned subsidiary Crystal Source Mining is to provide stable support for the company's non-metallic new energy materials business, promote the company's strategic transformation and development, explore and cultivate new business growth points, and enhance the company's core competitiveness