Core Viewpoint - The company plans to establish a subsidiary in Singapore with a registered capital of 8 million USD to transfer its low-voltage business, amid a significant decrease in orders for certification and testing services, which negatively impacts revenue [1] Group 1: Business Strategy - The company intends to set up a new entity in Singapore through its subsidiary Beijing Jingbo, focusing on low-voltage business operations [1] - The registered capital for the new company is set at 8 million USD [1] Group 2: Financial Impact - There has been a substantial reduction in orders for CCC certification testing from the China Quality Certification Center (CQC) and for welding machine testing from Chengdu Sanfang Electric Testing Co., Ltd., affecting the sustainability and revenue of related business segments [1] Group 3: Internal Opposition - Board members Shi Yongbo and Han Jian oppose the establishment of the new company, citing insufficient justification for the reasons and background of the proposal [1] - Concerns were raised regarding the lack of adequate business revenue projections, unclear funding usage plans, and insufficient risk assessment and control measures [1]