---
title: "SXN: Plans to invest 5 million yuan to establish a wholly-owned subsidiary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/256357672.md"
description: "SXN announced that the company plans to invest 5 million yuan to establish a wholly-owned subsidiary - Shanghai SXN Youxue Cultural Development Co., Ltd. The establishment of this wholly-owned subsidiary has been approved by the company's president meeting and does not require submission to the board of directors for review. This establishment does not involve related party transactions and does not constitute a major asset reorganization as defined by the \"Administrative Measures for Major Asset Restructuring of Listed Companies.\""
datetime: "2025-09-08T09:56:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/256357672.md)
  - [en](https://longbridge.com/en/news/256357672.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/256357672.md)
---

# SXN: Plans to invest 5 million yuan to establish a wholly-owned subsidiary

SXN announced that the company plans to invest 5 million yuan to establish a wholly-owned subsidiary - Shanghai SXN Youxue Cultural Development Co., Ltd. This establishment of a wholly-owned subsidiary has been approved by the company's president meeting and does not require submission for board review. The establishment of this wholly-owned subsidiary does not involve related party transactions and does not constitute a major asset reorganization as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies."

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