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The details of the proposed subsidiary are as follows:
(1) Company name: Zhejiang Jingrui Electronic Materials Co., Ltd. (tentatively, subject to the approval of the industry and commerce administration authority);
(2) Registered capital: RMB 36 million;
(3) Registered address: Shangyu District, Shaoxing City, Zhejiang Province;
(IV) Investment by shareholders and shareholders: Jingsheng Electromechanical Co., Ltd. contributed RMB 36 million, accounting for 100% of its registered capital.
(5) Business scope: processing, manufacturing, sales and import and export of crystalline materials; (subject to the approval of the administrative authorities for industry and commerce)
(6) Type of business: limited liability company.
Jingsheng Electromechanical Co., Ltd. said that the subsidiary Jingrui Electronics Co., Ltd., as the main body of implementation, constructed and operated the super-raised capital investment project. The remaining RMB 8.88 million in the over-raised funds use plan will be reserved for subsequent investment in the project. The business scope of the subsidiary is: processing, manufacturing, sales, import and export of crystal materials.
A brokerage researcher said that the sapphire project will gradually contribute to the performance in the second half of the year. The company's sapphire crystal growth furnace has been successfully developed, and 35KG and 65KG have already achieved mass production. 
Jingsheng Electromechanical (300316.SZ) announced on the evening of May 7 that the company plans to use the over-raised funds of RMB 44.88 million to invest in “100,000 pieces of sapphire cutting and polishing projectâ€, and the company intends to use the plan for the use of the super-raised funds. RMB 36 million invested in the establishment of subsidiary Jingrui Electronics Co., Ltd. in Shangyu District, Shaoxing City, Zhejiang Province.