Lingwei Technology Plans to Invest Up to 5 Million Euros to Establish a Wholly-Owned Sub-Subsidiary in Germany

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Lingwei Technology announced that its board of directors has approved a proposal to use its own funds to establish a wholly-owned sub-subsidiary in Germany through its wholly-owned subsidiary Lingwei Holdings Hong Kong Limited, with an investment amount not exceeding 5 million euros. The German sub-subsidiary is tentatively named Lingwei Holdings Germany Limited, and its business scope includes the research and development, production, and sales of silicon dioxide nano new material products, technical services, and international trade. The company stated that this move aims to advance its international business strategy, leverage Germany's mature scientific research and innovation environment and industrial system, strengthen technical exchanges and cooperation with European customers, promote the upgrade of overseas business to localized operations and comprehensive technical service models, and enhance global resource allocation capabilities and international competitiveness.

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凌玮控股（德国）有限公司Private▲ Positive
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The subsidiary is being established as a wholly-owned entity to advance international strategy.

凌玮控股（香港）有限公司Private▲ Positive
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Hong Kong subsidiary will be the intermediate holding company for the German subsidiary.

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