Fumiao Technology: Investing 30 million yuan to establish a wholly-owned subsidiary and complete industrial and commercial registration.

Fumiao Technology Announcement: The company held a board meeting on March 31, 2026 to approve the use of 30 million yuan of its own funds to establish a wholly-owned subsidiary. Recently, the wholly-owned subsidiary has completed the industrial and commercial registration procedures and obtained a business license. The company's name is Shanghai Jinqin Enterprise Development Co., Ltd., with a registered capital of 30 million yuan, the company holds 100% of the shares, and Li Ping is the legal representative.