Quanxin Cable Technology: Invests 30 million yuan to establish a wholly-owned subsidiary

Quanxin Cable Technology announced that the company, based on strategic development needs, has invested to establish a wholly-owned subsidiary, Nanjing Xintuo Technology Co., Ltd., with a registered capital of 30 million yuan, holding 100% equity. Xintuo Technology has completed industrial and commercial registration and obtained a business license. The establishment of this wholly-owned subsidiary aims to enhance the professional level of the company's civilian product business, promote flexible business development, and broaden the business scope, which aligns with the company's long-term strategic planning and has positive significance for improving overall efficiency. The establishment of the subsidiary will not have a significant adverse impact on the financial and operational status and has been included in the company's consolidated financial statements