Ningbo Fubon announced that the relevant commercial and commercial procedures for the company's absorption and merger of Ningbo Fubang Precision Trading Co., Ltd. as a wholly-owned subsidiary have been completed, and the trading company has completed deregistration. This absorption and merger is conducive to optimizing the company's organizational structure, reducing management costs, improving operational efficiency, and in line with the company's development strategy.

Ningbo Fubon announced that the relevant commercial and commercial procedures for the company's absorption and merger of Ningbo Fubang Precision Trading Co., Ltd. as a wholly-owned subsidiary have been completed, and the trading company has completed deregistration. This absorption and merger is conducive to optimizing the company's organizational structure, reducing management costs, improving operational efficiency, and in line with the company's development strategy.