Group 1 - The core stock price of Bangyan Technology (688132) closed at 20.1 yuan on January 21, 2026, with a slight increase of 0.3% and a turnover rate of 1.62% [1] - The trading volume was 17,600 shares, with a total transaction amount of 35.2975 million yuan [1] - On January 21, the net outflow of main funds was 6.467 million yuan, while retail investors saw a net inflow of 5.2495 million yuan [2] Group 2 - Bangyan Technology announced the completion of the registration of its wholly-owned subsidiary in Singapore, which will advance the globalization of its cloud PC business [1][2] - The subsidiary, PANSTONE SYSTEMS PTE. LTD., has a registered capital of 1 million USD and will engage in wholesale of cybersecurity hardware and software, as well as other IT services [1] - The company plans to gradually invest 3 million USD based on operational conditions, and the subsidiary will be included in the company's consolidated financial statements [1]

Core Viewpoint - The company Bangyan Technology (688132) has established a wholly-owned subsidiary in Singapore to advance its global cloud PC business, with an initial investment plan of $3 million [1]. Group 1: Stock Performance - As of January 20, 2026, Bangyan Technology's stock closed at 20.04 yuan, down 1.67% from the previous trading day [1]. - The stock opened at 20.38 yuan, reached a high of 20.58 yuan, and a low of 19.91 yuan, with a trading volume of 42.14 million yuan and a turnover rate of 1.92% [1]. Group 2: Subsidiary Establishment - The subsidiary, PANSTONE SYSTEMS PTE. LTD., was registered on January 20, 2026, with a registered capital of $1 million [1]. - The subsidiary's business scope includes wholesale of cybersecurity hardware and software, as well as other IT services [1]. - The company has obtained necessary domestic approvals and foreign investment certificates, and will gradually invest an additional $3 million based on operational conditions [1].