On August 26, CFEEC (688630.SH) made public its strategic move to allocate 100 million yuan, sourced from either its own coffers or raised capital, for the establishment of a wholly-owned subsidiary, Jishi Micro (Shanghai) Technology Co., Ltd., in Shanghai. This subsidiary will be fully owned by CFEEC, which will hold a 100% stake. The underlying objective of this initiative is to refine its business structure and bolster its comprehensive competitiveness in the market.