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Otto Electronics 10 million set up a Beijing subsidiary to expand its business in the northern region

On the evening of September 24, Alto Electronics announced that the company has invested in the establishment of a wholly-owned subsidiary, Beijing Alto Electronic Technology Co., Ltd. (hereinafter referred to as: Beijing Alto) in Haidian District, Beijing, and has recently obtained relevant industrial and commercial licenses. The registered capital of Beijing Alto is 10 million yuan, and the company invested 10 million yuan with its own funds, accounting for 100% of the registered capital.
 
 The company stated that this investment plays an important role in developing the company's domestic business. The establishment of Beijing Alto will help the company expand its business in North China and Northeast China centered on Beijing, expand the company's brand influence, and introduce high-end talents. The funds for this external investment are the company's own funds, and the implementation of this investment project will have no significant impact on the company's operating results in 2014.

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