In order to settle in Zhejiang, Jin Jue Intelligent intends to spend 1 million yuan to establish a wholly -owned subsidiary

On August 15, 2022, Jin Jue Intelligent (870440.NQ) issued an announcement of foreign investment.

The announcement shows that in order to enter the Zhejiang area, the company expands the company's market share in Zhejiang, establishes brand image, increases operating income, and enhances the overall benefits of the company. For 10,000 yuan, the company plans to subscribe to 1 million yuan in capital, accounting for 100.00%of the registered capital.

This transaction does not constitute a major asset reorganization. According to the "Applicable Guidelines for the National Small and Medium Enterprise Transfer System M & A and Reorganization Business Rules No. 1 -Major Asset Reorganization": "Listed companies newly established wholly -owned subsidiaries or holding subsidiaries, increased capital to wholly -owned subsidiaries or holding subsidiaries, It does not constitute a major asset reorganization. "

The company held the first meeting of the third board of directors on August 11, 2022 to review and approve the proposal of the "Company to Increase the establishment of a wholly -owned subsidiary".

Jin Jue Intelligent said that the establishment of a wholly -owned subsidiary was settled in Zhejiang, expanding the company's market share in Zhejiang, establishing a brand image, increasing operating income, and improving the overall benefits of the company.

This foreign investment is a cautious decision made from the perspective of the company's development, but there are still certain market risks and operating risks. The company will actively improve the relevant supervision mechanism, prevent the above risks, and strive to obtain good return on investment.

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