According to the announcement, Wuhan Happy Home, a wholly-owned subsidiary of the company, plans to implement a fixed asset investment project with a total investment amount of no more than 60 million yuan. The funding source is Wuhan Happy Family's own or self-financing to purchase production-related equipment and the renovation and expansion of some production workshops and production lines. The project site is located in the Hanchuan Economic Development Zone in Hubei Province, with an estimated construction period of 12-15 months. This investment does not constitute a related transaction or major asset restructuring. There is no need to submit it to the shareholders' meeting for review. It is not expected to have a significant impact on the company's current revenue and profits. There is a risk that the approval, implementation progress, and business development of the project will fall short of expectations.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.