[Tongyu Communications: Plans to establish a wholly-owned subsidiary with 500 million yuan to lay out the computing power business] On November 6, Tongyu Communications (002792.SZ) announced that the company plans to use its own funds to establish a wholly-owned subsidiary, Shanghai Yuyao Intelligent Computing Technology Co., Ltd., with a registered capital of 500 million yuan, as the company’s computing power business platform to carry out business exploration and industrial layout around the field of intelligent computing power services. The company reminds that at this stage, it has only set up a platform and has not yet carried out substantive computing power business. There is uncertainty in the implementation of the business, which will not have a significant impact on operating results for the time being.