Qiangsheng Co., Ltd.: It is intended to contribute 80 million yuan to establish a wholly -owned subsidiary

On July 21, 2022, Johnson (831184.NQ) issued an announcement of foreign investment.

The announcement shows that the company intends to capital contribute to the establishment of Johnson Chemistry (Suzhou) Co., Ltd. (subject to the approval of the registration authority), with a registered capital of 80 million yuan, of which the company contributed 80 million yuan Scope: General projects: sales of chemical products (excluding licensed chemical products); sales of rubber products; engaging in investment activities with their own funds (except for projects that must be approved in accordance with the law, carry out business projects with business licenses according to law).

On July 21, 2022, the General Manager's Office of the General Manager reviewed and approved the "Proposal on the Establishment of the Establishment of a wholly -owned subsidiary of the company".

Qiangsheng shares said that the foreign investment meets the company's development strategy and development needs, which is conducive to improving the company's management efficiency and profitability. This foreign investment is a cautious decision based on the needs of the company's strategic development, which will have a positive impact on the company's long -term development.

However, there are still certain market risks, operating risks and management risks to establish wholly -owned subsidiaries. The company will take positive and effective measures to prevent and cope with the possible risks that may occur above.

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