Zhitong Finance App News, Xinhe Co., Ltd. (003016.SZ) issued an announcement. In order to expand innovative business, make strategic investments in response to government policies, enhance the company's core competitiveness, and further enhance the company's overall profitability, the company invested 100 million yuan with its own capital to establish a wholly-owned subsidiary, Xinhe Tengying Investment Co., Ltd. (ultimately based on the name approved by the Industrial and Commercial Registration Authority). The scope of investment will mainly focus on low-altitude economy (including civilian manned, unmanned aerial vehicles, and multi-scenario low-altitude flight activities such as manned and cargo), new types of technological innovation industry. The company will then gradually invest based on actual investment projects, careful evaluation and verification.

Zhitong Finance App News, Xinhe Co., Ltd. (003016.SZ) issued an announcement. In order to expand innovative business, make strategic investments in response to government policies, enhance the company's core competitiveness, and further enhance the company's overall profitability, the company invested 100 million yuan with its own capital to establish a wholly-owned subsidiary, Xinhe Tengying Investment Co., Ltd. (ultimately based on the name approved by the Industrial and Commercial Registration Authority). The scope of investment will mainly focus on low-altitude economy (including civilian manned, unmanned aerial vehicles, and multi-scenario low-altitude flight activities such as manned and cargo), new types of technological innovation industry. The company will then gradually invest based on actual investment projects, careful evaluation and verification.