Zhitong Finance App News, Baosheng Co., Ltd. (600973.SH) announced that the company plans to invest no more than RMB 45.69 million to establish a wholly-owned subsidiary, Vietnam Baolian Technology Co., Ltd. (tentative name, subject to registration by the local registration authority), and use the company as the implementing entity to build a cable production capacity project for high-end communications and data centers; the investment amount includes but is not limited to matters related to the establishment of the target company, purchase of fixed assets and supporting facilities. The actual investment amount is based on the amount approved by the Chinese and local authorities. After the establishment of an overseas subsidiary, the company will implement the construction of a Vietnamese production base in stages according to specific circumstances such as business progress.

Zhitong Finance App News, Baosheng Co., Ltd. (600973.SH) announced that the company plans to invest no more than RMB 45.69 million to establish a wholly-owned subsidiary, Vietnam Baolian Technology Co., Ltd. (tentative name, subject to registration by the local registration authority), and use the company as the implementing entity to build a cable production capacity project for high-end communications and data centers; the investment amount includes but is not limited to matters related to the establishment of the target company, purchase of fixed assets and supporting facilities. The actual investment amount is based on the amount approved by the Chinese and local authorities. After the establishment of an overseas subsidiary, the company will implement the construction of a Vietnamese production base in stages according to specific circumstances such as business progress.