Hangzhou Hi-Tech announced that the company held a board of directors on August 4, 2026 to review and pass the bill. It plans to invest in the establishment of a wholly-owned subsidiary “Zhejiang Gaoxin Material Technology Co., Ltd.”, with a registered capital of 30 million yuan, all of which will be funded in cash from its own funds to specialize in the polymer materials business for cables and achieve specialized operation and management of the business sector.

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