HANGZHOU LANDSCAPING announced that the company plans to invest in the establishment of a holding subsidiary, which will engage in the construction industry, cultural tourism industry, and new materials industry. The proposed registered capital for the construction subsidiary is set at 105 million yuan, the proposed registered capital for the cultural tourism subsidiary is set at 20 million yuan, and the proposed investment amount for the new materials subsidiary will not exceed 10 million yuan. The company held a board meeting on April 29, 2025, to review and approve this proposal, which does not need to be submitted to the shareholders' meeting for approval. The establishment of the subsidiary still requires the completion of relevant business registration procedures, and the final approval time is uncertain