老凤祥：控股子公司拟设立奢品销售公司

Group 1 - The company announced the establishment of a new luxury goods sales company, named Lao Feng Xiang Luxury Goods Sales Co., Ltd. [1] - The registered capital for the new company is set at 50 million yuan, with contributions from two subsidiaries [1] - Shanghai Lao Feng Xiang Co., Ltd. will contribute 40 million yuan, holding an 80% stake, while Shanghai Lao Feng Xiang Diamond Processing Center Co., Ltd. will contribute 10 million yuan for a 20% stake [1]