CONTEC: Invests to establish wholly-owned subsidiary Medical Electric Precision Testing Technology Service Co., Ltd

CONTEC announced that the company has invested RMB 5 million to establish a wholly-owned subsidiary, Yidian Jingce Technology Service Co., Ltd., with a shareholding ratio of 100%. The subsidiary has obtained a "Business License" issued by the Qinhuangdao Economic and Technological Development Zone Branch of the Market Supervision Administration, with a registered capital of RMB 5 million. CONTEC's investment aims to promote the high-quality development of the company's business, improve the industrial layout, and enhance overall competitiveness. The investment funds are from its own resources and will not have a significant impact on the company's financial status and operational activities in the short term