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Wanshili: Plans to establish a wholly-owned subsidiary in Macau
Wanshili Announcement: The company plans to establish Macau Mingyang Health Industry Co., Ltd. in Macau using its own funds. The main activities will include outsourcing processing, research and development, quality inspection, operation, and sales of Wanshili’s proprietary product “Wanshili Golden Silkworm No. 1,” which involves extracting protein peptides from silkworm pupae using Pickering self-assembly technology. The external investment plan over three years totals 25 million RMB, and the company will complete the ODI filing procedures. The first phase of investment is expected to be 10 million RMB, with additional investments gradually added over the next three years based on the actual operational needs of the Macau company.