Foshite announced that the board of directors of the company reviewed and passed the bill to establish a subsidiary in Hunan. It is proposed to establish Fushite Precision Manufacturing Co., Ltd., with a registered capital of 36 million yuan, with a registered capital of 36 million yuan. The company holds 100% of the shares. The legal representative is Yang Siqin. The business scope covers various businesses such as the manufacture and sale of hydraulic power machinery and components. The establishment is within the authority of the board of directors, does not require submission to the shareholders' meeting for consideration, and does not involve related transactions or major asset restructuring.

Foshite announced that the board of directors of the company reviewed and passed the bill to establish a subsidiary in Hunan. It is proposed to establish Fushite Precision Manufacturing Co., Ltd., with a registered capital of 36 million yuan, with a registered capital of 36 million yuan. The company holds 100% of the shares. The legal representative is Yang Siqin. The business scope covers various businesses such as the manufacture and sale of hydraulic power machinery and components. The establishment is within the authority of the board of directors, does not require submission to the shareholders' meeting for consideration, and does not involve related transactions or major asset restructuring.