Ruihu Mould established a subsidiary, Ruixiang Intelligent, to further expand its business territory

Ruihu Mould announced that in order to meet the company's strategic planning and business needs, it has established a wholly-owned subsidiary "Wuhu Ruixiang Intelligent Robot Co., Ltd." with a registered capital of 20 million yuan. Ruixiang Intelligent will mainly engage in the research and development and sales of industrial robots and intelligent robots, and will also involve the production of intelligent basic manufacturing equipment and general parts. This will greatly supplement Ruihu Mould's main business in the field of automotive manufacturing equipment.