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Recently, Shuangxiang .
The "Investment Agreement" shows that the company plans to set up a wholly-owned subsidiary Chongqing Shuangxiang Microfiber Material .
Shuangxiang shares pointed out that the industrial policy of Chongqing Changshou Economic and Technological Development Zone, where the newly established subsidiary is located, is relatively stable, which is conducive to the expansion of the company's production capacity and the long-term stable development in the futu.