On March 27, Fulin Precision Machinery made an announcement regarding the establishment of a fully-owned subsidiary, Sichuan Banqiao Intelligent Robot Co., Ltd., situated in Fucheng District, Mianyang City. The subsidiary was set up with an investment of 50 million yuan from Fulin Precision Machinery's own funds and has secured the [relevant business license/certification, if applicable, otherwise omit]. Boasting a registered capital of 50 million yuan, the subsidiary is entirely owned by Fulin Precision Machinery. Fulin Precision Machinery has expressed its commitment to further bolstering its technological R&D and product innovation prowess in the realm of robotic electric joints. It will actively allocate dedicated production resources for intelligent joints, which serve as crucial components in humanoid robots, and strive to advance the refinement of relevant research, development, and manufacturing standards.