Shanghai Weaver Network Co LtdThe news is a routine branch establishment for business development; no clear positive or negative impact on the company's fundamentals.

Weaver Network announced that, to support business development needs and improve management efficiency, the company plans to establish a Zhejiang branch. The proposed business premises are Room 1501, 15th Floor, Building 71, No. 90 Wensan Road, Xihu District, Hangzhou, Zhejiang Province. The person in charge will be Li Chao, and the business scope covers software development, information technology consulting, technical services, and more. The matter was reviewed and approved at the 19th meeting of the fifth board of directors on July 7, and does not require submission to the shareholders' meeting for approval. It does not constitute a related-party transaction or a major asset restructuring.
Shanghai Weaver Network Co LtdThe news is a routine branch establishment for business development; no clear positive or negative impact on the company's fundamentals.