Core Viewpoint - China Haisong Engineering Technology Co., Ltd. has approved the establishment of a subsidiary in Thailand, aligning with its overseas market strategy [1] Group 1: Company Actions - The company will set up "China Haisong Engineering Technology (Thailand) Co., Ltd." with a registered capital of 5 million Thai Baht [1] - China Haisong will contribute 4,999,800 Thai Baht (approximately 1.1 million RMB), holding a 99.996% stake in the new subsidiary [1] - The investment does not constitute a related party transaction or a major asset restructuring [1] Group 2: Strategic Intent - The establishment of the Thai subsidiary aims to facilitate project acquisition and execution [1] - This move is in line with the company's strategic planning for overseas markets [1] Group 3: Regulatory Considerations - The establishment is subject to approval or filing with relevant government departments [1] - The company acknowledges potential local management, operational, and market risks and plans to enhance control measures [1]