Guizhou GZRS established a wholly-owned subsidiary and completed industrial and commercial registration

On August 5, 2025, Guizhou Hongxing Development Co., Ltd. held the second extraordinary meeting of the ninth board of directors, reviewing and approving the proposal on "Investing to Establish a Wholly-Owned Subsidiary." It was agreed to use its own funds to establish a wholly-owned subsidiary, Guizhou Tianzhu Hongxing Development New Materials Co., Ltd. Recently, this subsidiary has been approved by the Market Supervision Administration of Tianzhu County, Qiandongnan Prefecture, Guizhou Province, and has completed the registration of business establishment and obtained the business license for legal entities. Its registered capital is 30 million yuan, established on August 18, with Wan Yang as the legal representative. The company will pay attention to the follow-up investment progress and fulfill its information disclosure obligations in accordance with regulations