Core Viewpoint - The company, Dalian Friendship (Group) Co., Ltd., has approved the establishment of wholly-owned subsidiaries in the UAE, Malaysia, and Guinea to enhance its international market presence and optimize resource allocation [5][17]. Group 1: Board Meeting Details - The board meeting was notified on February 14, 2026, and held via telecommunication on February 27, 2026, with all seven directors present [2][3][4]. - The meeting was chaired by Chairman Li Jian, and senior management attended [4]. Group 2: Investment Proposal - The board approved the proposal to establish three subsidiaries: 1. Friendship Yingchi General Trading FZE in the UAE with a registered capital of 1 million dirhams (approximately 1.92 million RMB) [5][23]. 2. Malaysia Friendship International Trading Co., Ltd. with a registered capital of 1 million ringgit (approximately 1.72 million RMB) [9][21]. 3. Friendship Yingchi Guinea General Trading LLC with a registered capital of 30 million Guinean francs (approximately 250,000 RMB) [11][24]. - The total investment amounts to approximately 3.89 million RMB, funded by the company's own resources [17]. Group 3: Business Scope and Objectives - The subsidiaries will engage in international trade, logistics, warehousing, supply chain services, and investment consulting [18][24]. - The establishment of these subsidiaries aims to reduce supply chain costs, increase market share, and diversify the company's business structure, thereby enhancing profitability [25].

Core Viewpoint - The company, Bailong Chuangyuan (605016.SH), has announced the establishment of a wholly-owned subsidiary, Bailong Chuangyuan (Nanjing) Biotechnology Co., Ltd., with an investment of 10 million RMB to enhance its international market presence and sales team [1] Group 1: Investment and Strategic Development - The investment of 10 million RMB is aimed at strengthening the overseas sales team and actively exploring international markets [1] - The company will leverage the geographical advantages of Nanjing to expand its overseas customer base and enhance technical exchanges [1] Group 2: Operational Impact - The establishment of the Nanjing subsidiary is expected to increase the company's export revenue and improve its overall profitability by enhancing overseas customer service capabilities [1]