Zhejiang Wandekai Fluid Equipment Technology Co., Ltd. announced that its fourth board of directors approved at its seventh meeting the plan to establish a Shanghai branch, aiming to expand regional channels and strengthen overall competitiveness. The branch will be located in Minhang District, Shanghai, with a business scope consistent with the company's related operations. The establishment falls within the board's approval authority and does not require shareholder review, nor does it constitute a major asset restructuring or a related-party transaction. The company stated that the move will help maximize resources, with funding coming from its own capital, and will not have a material adverse impact on production, operations, or financial condition.
Zhejiang Wandekai Fluid Equipment Technology Co. Ltd. ABoard approved establishing a Shanghai branch to expand regional channels, funded by own capital, with no material adverse impact.
