Dongli Machinery established a wholly-owned subsidiary to respond to the technical needs of customers in the Yangtze River Delta region

According to the announcement from Zhitong Finance APP, Dongli Machinery (301298.SZ) has established a wholly-owned subsidiary, Shanghai Anuoda Technology Co., Ltd. (referred to as "wholly-owned subsidiary"), based on the needs of its operations and strategic development, and has obtained a business license. The investment to establish the wholly-owned subsidiary is a prudent decision made from the perspective of the company's future development strategy and long-term interests. It aims to actively respond to the technical needs of customers in the Yangtze River Delta region, fully utilize the geographical advantages of the wholly-owned subsidiary, keep pace with industry development trends, promote international exchanges and cooperation, and further align with the development of the automotive industry chain cluster in the Yangtze River Delta region