Sichuan Changhong announced that the 24th meeting of the 12th board of directors of the company was held on April 17. The meeting reviewed and passed a bill to establish a new subsidiary in Mexico. Guangdong Changhong and Changhong International Holdings Co., Ltd. jointly invested 2.83 million US dollars, of which Guangdong Changhong invested 2.54 million US dollars and held 90% of the shares. In addition, the meeting also passed a bill to establish the company's market value management system, as well as a bill applying for registration of medium-term notes not exceeding RMB 2 billion and short-term financing notes not exceeding RMB 2 billion. The relevant bill still needs to be submitted to the shareholders' meeting for consideration.

Sichuan Changhong announced that the 24th meeting of the 12th board of directors of the company was held on April 17. The meeting reviewed and passed a bill to establish a new subsidiary in Mexico. Guangdong Changhong and Changhong International Holdings Co., Ltd. jointly invested 2.83 million US dollars, of which Guangdong Changhong invested 2.54 million US dollars and held 90% of the shares. In addition, the meeting also passed a bill to establish the company's market value management system, as well as a bill applying for registration of medium-term notes not exceeding RMB 2 billion and short-term financing notes not exceeding RMB 2 billion. The relevant bill still needs to be submitted to the shareholders' meeting for consideration.