On September 10, Kainite Electric released an announcement regarding abnormal stock price fluctuations. The announcement revealed that the company is in the process of planning to set up a controlled subsidiary, namely YanGu (Beijing) Robotic Intelligent Technology Co., Ltd. The proposed subscribed registered capital for this new entity is set at 80 million yuan, with Kainite Electric holding a 55.50% stake.

The business scope of this subsidiary encompasses the development and sales of a diverse range of robots. However, it's important to note that the subsidiary's R&D team is still in the process of being assembled. Consequently, there are uncertainties surrounding the development progress, the timeline for product launches, and the expected timeframe for achieving tangible results. Moreover, as of now, the subsidiary has not secured any definite customers or orders.

When compared to leading domestic robot companies, this newly established subsidiary is still in its nascent stages of development, and there exists a noticeable gap in its overall capabilities and level.