Core Viewpoint - Yunnan Lincang Xinyuan Gallium Industry Co., Ltd. has made significant progress in its external investment by establishing a subsidiary for the "High-Quality Gallium Arsenide Chip Construction Project" [2][3]. Group 1: External Investment Announcement - On November 6, 2025, the company's board approved the establishment of a subsidiary to implement the "High-Quality Gallium Arsenide Chip Construction Project" [2]. - The company will jointly invest 50 million yuan with individual Liu Guangzheng to establish Hubei Xinyao Semiconductor Material Technology Co., Ltd. [2]. Group 2: Progress of External Investment - The subsidiary, Hubei Xinyao Semiconductor Co., Ltd., has completed registration and obtained a business license from the Huanggang Market Supervision Administration [3]. - The company is registered with a capital of 50 million yuan and was established on November 13, 2025 [3]. - The business scope includes manufacturing, research and sales of electronic special materials, as well as import and export activities [3].