Core Viewpoint - The company has established a wholly-owned subsidiary to invest in the construction of an automotive body and new energy battery structural components production line project [1][2]. Group 1: Company Actions - The company's board of directors approved the proposal for external investment during the 19th meeting of the third board on October 28, 2025, and at the third extraordinary shareholders' meeting on November 13, 2025 [1]. - The newly established subsidiary, Suzhou Taihong Wanli Automotive Parts Co., Ltd., has completed its business registration and obtained a business license from the Kunshan Data Bureau [2]. Group 2: Subsidiary Details - The subsidiary is registered with a capital of 30 million RMB and was established on November 20, 2025 [2]. - The business scope of the subsidiary includes automotive parts research and development, manufacturing, wholesale and retail of automotive parts, mold manufacturing and sales, machinery equipment leasing, import and export of goods and technology, and real estate leasing [2].

Group 1 - The company, Taihong Wanli, announced the establishment of a wholly-owned subsidiary to invest in the construction of an "automotive body and new energy battery structural components production line" [2] - The third meeting of the third board of directors is scheduled for October 28, 2025, and the third extraordinary shareholders' meeting for November 13, 2025, to review the investment proposal [2] - The newly established subsidiary has completed the business registration process and obtained a business license issued by the Kunshan Data Bureau [2]

Core Viewpoint - The company, Taihong Wanli (603210.SH), has approved the establishment of a wholly-owned subsidiary to invest in the construction of an automotive body and new energy battery structural components production line [1] Group 1: Company Developments - The third meeting of the third board of directors is scheduled for October 28, 2025, and the third extraordinary shareholders' meeting for November 13, 2025, to review the investment proposal [1] - The newly established wholly-owned subsidiary, Suzhou Taihong Wanli Automotive Parts Co., Ltd., has completed its business registration and obtained a business license from the Kunshan Data Bureau [1] - The unified social credit code for the new subsidiary is 91320583MAK1RXEL2R [1]

Core Viewpoint - The company, Zhejiang Taihong Wanli Technology Co., Ltd., plans to invest 738 million RMB to establish a wholly-owned subsidiary in Kunshan, Jiangsu Province, to enhance its production capacity for automotive body and new energy battery structural components, aligning with market demand and industry growth trends [18][19][30]. Financial Data - The financial reports for the third quarter of 2025 have not been audited, and the company ensures the accuracy and completeness of the financial information presented [3][4][5]. Investment Overview - The investment will involve a total of 738 million RMB, with 700 million RMB allocated for fixed assets, including land, equipment, and facilities [19][35]. - The project aims to produce 1.15 million sets of automotive body structural components and 550,000 sets of new energy battery structural components annually [24][30]. Board Meeting and Resolutions - The company's board of directors held a meeting on October 28, 2025, where several resolutions were passed, including the approval of the third-quarter report and the investment proposal [9][12][16]. - The investment proposal requires further approval from the shareholders' meeting [19][24]. Project Implementation - The project will be located on approximately 70 acres of land in Kunshan, with the company planning to sign agreements with local government authorities [23][37]. - The project is expected to enhance the company's production capabilities and improve service levels for clients in the Yangtze River Delta region [22][30]. Market Position and Client Relationships - The company has established strong partnerships with numerous well-known automotive manufacturers, ensuring a stable customer base for the new production capacity [31][32]. - The investment aligns with the growing demand in the new energy vehicle sector, which is expected to continue its rapid growth [30][31].