HPEC(SH:600312) Xin Lang Cai Jing·2025-09-10 09:32Core Viewpoint - The company plans to establish two wholly-owned subsidiaries using cash and non-cash assets, indicating a strategic expansion in the high-voltage switch and power equipment sectors [1] Group 1: Company Structure - The two subsidiaries are named Pinggao Electric (Henan) High Voltage Switch Co., Ltd. and Pinggao Electric (Henan) Power Equipment Technology Co., Ltd. [1] - The registered capital for the high voltage switch company is 500 million yuan, while the power equipment company has a registered capital of 400 million yuan [1] Group 2: Investment Details - The total investment for the high voltage switch company is 900 million yuan, and for the power equipment company, it is 600 million yuan [1] - Non-cash contributions will be subject to special audits, with any excess or shortfall adjusted through cash contributions [1] Group 3: Governance - This transaction does not meet the threshold for shareholder meeting approval, thus no submission to the shareholder meeting is required [1]