Zhangzidao Group plans to use 20 million yuan of its own funds to establish a wholly owned subsidiary, Zhangzidao Seed Technology Dalian Company, in Pikou Subdistrict, Pulandian District, Dalian, Liaoning Province. The matter has been approved at the tenth meeting of the company's ninth board of directors. The new company's business scope includes mariculture, breeding research and development, breeding and sales, seafood farming and sales, technical services, and goods import and export. The company said the investment aims to integrate seed-related technical resources, build a unified operating platform, optimize internal resource allocation, enhance the specialized operational capability of the seed business, and improve the breeding, propagation, and promotion system. After its establishment, the new company will take over the company's existing seed research and production assets and business, and will be included in the consolidated financial statements. The matter does not require submission to the shareholders' meeting, and does not constitute a related-party transaction or a major asset restructuring.
Zoneco Group Co LtdPlans to invest 20 million yuan to establish a wholly owned seed technology subsidiary, aiming to integrate resources and enhance seed business capabilities.
