红星发展：拟3000万元设立全资子公司天柱红星

Group 1 - The company plans to establish a wholly-owned subsidiary, Guizhou Tianzhu Hongxing Development New Materials Co., Ltd., with its own funds of 30 million yuan [1] - The new subsidiary aims to leverage the barite resource advantages in Tianzhu County, Qiandongnan Miao and Dong Autonomous Prefecture, Guizhou Province, to reduce procurement costs of barite raw materials [1] - This investment aligns with the company's strategic development plan and is not expected to have a significant adverse impact on the company's financial status or operational performance [1]