Hangzhou Wensli Silk Culture Co. Ltd.Company establishes a wholly-owned sub-subsidiary in Macau with registered capital of 10 million patacas, total investment 25 million yuan over three years.

Hangzhou Wensli Silk Culture Co., Ltd. has established a wholly-owned sub-subsidiary in Macau named Ming Yang Oriental Limited, with a registered capital of 10 million Macanese patacas. The company has completed its registration, with its legal address at 19th Floor, Block C, Nam Tung Commercial Centre, 517 Avenida da Praia Grande, Macau. Its business scope covers import and export, health foods, biotechnology, software development, cosmetics, and apparel and home textiles. The company's board of directors previously approved the investment plan, with a total investment of 25 million yuan over three years, and an initial phase investment of 10 million yuan.
Hangzhou Wensli Silk Culture Co. Ltd.Company establishes a wholly-owned sub-subsidiary in Macau with registered capital of 10 million patacas, total investment 25 million yuan over three years.
Sub-subsidiary Ming Yang Oriental Limited is established with registered capital of 10 million patacas, business scope includes import/export, health foods, biotechnology, etc.