Guangzhou Yinyuan New Materials to Establish a New Subsidiary in Foshan

Guangzhou Yinyuan New Materials Co., Ltd. (Representative Director, CEO: Guodong Zhao), has announced the establishment of a subsidiary in Foshan, Guangdong. The subsidiary will include a factory and an R&D department, with an expected investment of 20 million RMB. This move is aimed at enhancing Yinyuan New Materials' business activities related to new materials in the Chinese market, which is expected to continue to grow.

The new subsidiary will take over the R&D and manufacturing functions previously conducted by Yinyuan New Materials' factory in Nansha, Guangzhou. It will also have the potential to expand its functionalities and capabilities, allowing it to better respond to customers and expand its customer and product portfolio. This strategic move positions Yinyuan New Materials as a key player in the Chinese new materials market.