Core Viewpoint - The company plans to invest 50 million in establishing a wholly-owned subsidiary in Nanning, Guangxi, to leverage the region's strategic location for expanding its business in Southwest China and connecting with the Southeast Asian market [1] Group 1 - The investment will be made by the company's wholly-owned subsidiary, Zhejiang Changyi Investment Co., Ltd. [1] - The establishment of the new subsidiary aims to assist the company in expanding its operations in the Southwest region of China [1] - The initiative aligns with the company's long-term strategic development plan [1]