Tianyuan Shares: Foreign investment and establishment of subsidiaries

Tianyuan Shares (SZ 002386, latest price: 5.25 yuan) An announcement was issued at noon on December 5 stating that Yibin Tianyuan Science and Technology Innovation Design Co., Ltd. is a wholly-owned subsidiary of Yibin Tianyuan Group Co., Ltd., mainly engaged in technology research and development, engineering design, analysis and testing, etc. Scientific and technological services. Its analysis and testing center successfully obtained CNAS qualification in June 2023, and is currently continuing to carry out the expansion of indicator methods in the fields of environmental protection, new energy, and mineral testing. For the testing industry, having CMA qualification is a mandatory approval condition for testing institutions to enter the testing service market. In order to meet the overall strategic planning of the group company and the development needs of the science and technology innovation design company, seize new opportunities for the development of the third-party testing market, quickly cultivate competitiveness in the testing industry, and seize market share, the company plans to independent the analysis and testing center under the science and technology innovation design company. Establish a wholly-owned subsidiary in Lingang Economic Development Zone of Yibin City with a registered capital of 5 million yuan.