Relationship between Xinwangda Company and Xinwangda Headquarters

Mother-child relationship. Xinwangda Company is a subsidiary of Xinwangda Headquarters, which is owned and managed by Xinwangda Headquarters. Xinwangda headquarters is the headquarters of the company, which is mainly responsible for the strategic planning, decision-making, management and supervision of the whole group company, while Xinwangda company is the operating entity of the company, which is mainly responsible for daily business such as production, sales, operation and management. So Xinwangda Company and Xinwangda Headquarters are parent and subsidiary companies.