Core Viewpoint - Changhua Holdings Group Co., Ltd. has approved the spin-off of its wholly-owned subsidiary, Wuhan Changhua Changyuan Auto Parts Co., Ltd., to create a new entity, Wuhan Changhao Auto Parts Co., Ltd. [1] Group 1: Company Structure and Changes - The spin-off was approved during the board meeting held on June 3, 2025, and the new company has completed its business registration and obtained a business license [1] - Wuhan Changhua Changyuan Auto Parts Co., Ltd. was established on September 4, 2012, with a registered capital of 275 million yuan and is wholly owned by the company [1] - Wuhan Changhao Auto Parts Co., Ltd. has a registered capital of 5 million yuan and will engage in the manufacturing of auto parts, molds, household appliances, and other related activities [1] Group 2: Business Operations - The business scope of Changhua Holdings includes the manufacturing and processing of auto parts, molds, household appliances, and plastic products, as well as import and export activities [2] - The new subsidiary, Wuhan Changhao Auto Parts Co., Ltd., will operate under a similar business scope, focusing on auto parts and related manufacturing [1][2]
长华集团: 长华集团关于全资子公司存续分立的进展公告