According to CoinMeta, Gongda Acoustic Technology announced that the company plans to invest 150 million yuan of its own funds to establish a wholly-owned subsidiary, Gongda (Shanghai) Technology Co., Ltd. This investment is aimed at implementing the company's long-term development strategy, attracting high-end R&D, marketing, and industry personnel, deepening industrial collaboration, expanding cooperation in cutting-edge technologies, and enhancing customer resources, thereby strengthening the company's overall competitiveness. This transaction does not require review by the shareholders' meeting and still needs to go through approval and registration procedures with relevant government departments. This investment is in line with the company's long-term development strategy and will have a positive impact on future operations.