新疆交建：投资设立控股子公司新交建（喀什）建设发展有限公司

Core Viewpoint - Xinjiang Communications Construction Group Co., Ltd. announced the establishment of a new holding subsidiary to leverage local resources and promote the development of regional industrial clusters [1] Group 1: Company Announcement - On September 15, 2025, Xinjiang Communications Construction Group held its 23rd temporary board meeting, approving the proposal to invest in a holding subsidiary [1] - The company plans to invest 20.4 million RMB, holding a 51% stake in the new subsidiary, Xinjiang Communications (Kashgar) Development Co., Ltd., which will have a registered capital of 40 million RMB [1] - The new subsidiary will be included in the company's consolidated financial statements upon establishment [1] Group 2: Financial Performance - For the first half of 2025, Xinjiang Communications' revenue composition was as follows: construction accounted for 97.29%, trade 1.69%, surveying and design/testing 0.52%, and leasing/transportation 0.5% [1] - The current market capitalization of Xinjiang Communications is 12 billion RMB [1]