Songsheng Corporation: Plans to establish a wholly-owned subsidiary with 5 million yuan.

Songsheng Stock Announcement: The company plans to establish a wholly-owned subsidiary, Guangdong Songsheng Import and Export Co., Ltd., with a registered capital of 5 million RMB using its own funds. The new company will be located in Xiaolan Town, Zhongshan City, Guangdong Province, with Tian Nianbin serving as the legal representative. Its business scope includes sales of lighting fixtures, sales of electronic products, and sales of specialized equipment for lighting fixture production. The investment funds will come from the company's own funds, and this transaction does not constitute a related party transaction or a major asset restructuring.