[Tianhai Defense: plans to invest 61 million yuan to set up a holding subsidiary] according to the Tianhai Defense announcement, in order to further strengthen the company's independent R & D and design capabilities of ships and marine equipment, the company plans to sign a deepening cooperation agreement with Jiangsu University of Science and Technology, Zhenjiang High-tech Development Commission and Zhenjiang Science and Technology Bureau. It is proposed to sign an investment agreement with Zhenjiang High-tech Group, Zhonghui Shipping and CIIC to jointly invest in the establishment of Jiangsu Chuanhai Engineering Design and Research Institute Co., Ltd., with a registered capital of 100 million yuan, of which Tianhai Defense contributed 61 million yuan with its own capital, accounting for 61%.