Xiyi Co., Ltd.: it is proposed to establish an auto parts subsidiary in Yancheng

Securities Times e company news, Xiyi Co., Ltd. (002265) announced on the evening of December 13 that Chengde suken Yinhe Co., Ltd., a wholly-owned subsidiary of the company, plans to invest 20 million yuan to establish a wholly-owned subsidiary suken Yinhe auto parts Yancheng Co., Ltd. (hereinafter referred to as "Yancheng subsidiary") in Sheyang County Economic Development Zone, Yancheng City, Jiangsu Province, to engage in the manufacturing and sales of internal combustion engines and auto parts. The investment and establishment of Yancheng subsidiary aims to continuously optimize, expand and strengthen the company's connecting rod industry.