On November 11, Rima Precision announced that it held the 24th meeting of the third board of directors on November 10, where it reviewed and approved the 'Proposal on the Establishment of a Wholly-owned Grandson Company.' According to the proposal, Guangzhou Xinzheng Automotive Parts Co., Ltd., a wholly-owned subsidiary of the company, will establish a wholly-owned subsidiary with a business scope covering the manufacturing of automotive parts and accessories, among other fields. The company has authorized its management team to handle the relevant registration procedures. The establishment of this wholly-owned grandson company aims to meet the needs of the company's business development and aligns with the company's long-term strategic plan. It is not expected to have a significant adverse impact on the company's financial and operational conditions, nor does it involve any damage to the interests of the company and all its shareholders.