Core Viewpoint - Xiamen Tungsten Co., Ltd. is advancing its strategic plan for cutting tool products by establishing a wholly-owned subsidiary to enhance its capabilities in efficient cutting solutions [1] Group 1: Company Initiatives - The company’s subsidiary, Xiamen Jinlu Special Alloy Co., Ltd., plans to invest CNY 38.786 million to set up a new subsidiary focused on a metal cutting solution engineering center [1] - The new subsidiary, tentatively named Xiamen Jinlu Advanced Ceramic Materials Co., Ltd., will have a registered capital of CNY 19 million [1] - The project aims to construct the engineering center and support the sale of 1,000 tons of precision ceramic powder, with a construction period of three years [1]