Queclink establishes wholly-owned subsidiary for expansion

Queclink Wireless Solutions (SZSE:300590) announced the decision to establish a wholly-owned subsidiary, Shanghai Queclink Intelligent Technology Development Co., Ltd., with a registered capital of CNY 100 million. The investment, sourced from the company's own funds, aims to support Queclink’s business development plans and strategic layout. The new subsidiary will engage in investment activities, investment management, venture capital, asset management services, and technology services, focusing on areas such as IoT technology, AI software development, and industrial internet data services. The company believes this move will enhance its overall competitiveness and will be conducted in accordance with relevant laws and regulations.