DHC Software invests in Shandong data tech subsidiary

DHC Software announced it will invest RMB 49.5 million, alongside its wholly-owned subsidiary Beijing East China Hechuang Technology, to establish Shandong East China Kuichiu Data Technology Co., Ltd. The total investment in the new subsidiary will be RMB 50 million, with DHC Software holding a 99% stake and Beijing East China Hechuang Technology holding the remaining 1%. The investment was approved at the company’s thirty-second board meeting. The new company will be located in Dongming County, Heze City, Shandong Province and will be headed by Kong Weizhuo. The business scope will include services such as information system integration, data processing, IoT technology, and software development. The company believes this investment aligns with its strategic goals, broadens its business scope, and enhances its overall competitiveness.