Kibing Group announced that in order to accelerate the implementation of a major R&D system, it plans to invest in the establishment of a wholly-owned subsidiary Shenzhen Kibing Technology Development Co., Ltd. in Baoan, Shenzhen, with a registered capital of 100 million yuan, and the newly established Kibin Technology as the main investor to invest in the establishment of Sun Company Shenzhen Kibing Technology Development Co., Ltd., with a registered capital of 100 million yuan.

Kibing Group announced that in order to accelerate the implementation of a major R&D system, it plans to invest in the establishment of a wholly-owned subsidiary Shenzhen Kibing Technology Development Co., Ltd. in Baoan, Shenzhen, with a registered capital of 100 million yuan, and the newly established Kibin Technology as the main investor to invest in the establishment of Sun Company Shenzhen Kibing Technology Development Co., Ltd., with a registered capital of 100 million yuan.