Ningbo Jinda announced that the company plans to establish a wholly-owned subsidiary with its own funds of 20 million RMB to set up a sales company, with a 100% investment share. This sales company will mainly engage in the sales of metal forming equipment and molds, as well as related businesses such as mechanical components. This investment does not involve related party transactions and does not constitute a major asset reorganization as defined by the "Administrative Measures for Major Asset Reorganization of Listed Companies."