Core Viewpoint - The company has established a wholly-owned subsidiary, Huangshan Yunqu Amusement Park Service Co., Ltd., with a registered capital of 90 million yuan to participate in the bidding for state-owned construction land use rights [1] Group 1: Company Investment and Establishment - The board of directors approved the investment to set up a wholly-owned subsidiary and participate in the bidding for state-owned land use rights on July 30, 2025 [1] - The registered capital of the new subsidiary is 90 million yuan, fully funded by the company's own or self-raised funds [1] - The subsidiary has completed the registration and received a business license from the market supervision administration [1] Group 2: Company Information - The newly established company is named Huangshan Yunqu Amusement Park Service Co., Ltd., with a unified social credit code of 91341023MAET4PMF1T [1] - The legal representative is Jiang Pingjing, and the registered address is in Huangshan City, Anhui Province [1] - The business scope includes amusement park services, leisure activities, park management, sales of toys and entertainment products, and various other services [1]