ZMJ's subsidiary plans to invest 270 million yuan to establish Yaxinke Thermal Management Technology (Yizheng) Co., Ltd

According to the Zhitong Finance APP, Zhongchuang Zhiling (601717.SH) announced that its controlling subsidiary, Yaxinke Industrial Technology (Nanjing) Co., Ltd. (hereinafter referred to as "Yaxinke Nanjing," collectively referred to as "Yaxinke Group" with its subsidiaries), plans to invest 270 million yuan to establish a wholly-owned subsidiary, Yaxinke Thermal Management Technology (Yizheng) Co., Ltd. (tentative name, subject to approval and registration by the market supervision and administration department), in order to enhance the market competitiveness of its automotive thermal management system cold plate business, consolidate its market position, and lay the organizational and capability foundation for future expansion into more application areas of thermal management.

By establishing a new company entity specifically responsible for the operational functions of the thermal management business, Yaxinke plans to integrate the relevant assets, liabilities, and contractual relationships of Yaxinke Shuanghuan's thermal management business into the new company in a market-oriented manner. This will better adapt to the long-term development needs of Yaxinke's thermal management business, improve overall resource allocation efficiency and management professionalism, seize key points in the changing market competitive landscape, and further expand market space. At the same time, through this investment, the establishment of a higher level of intelligent production capacity will help Yaxinke seize market opportunities for the growth of the cold plate business and the increase in customer share, driving rapid growth in cold plate business revenue