Bonree(SH:688229) Zheng Quan Zhi Xing·2025-08-07 10:15Core Viewpoint - The company plans to invest up to 1 million USD to establish a wholly-owned subsidiary in Malaysia, named Bonree Data Tech Sdn. Bhd., to expand its presence in the Southeast Asian market [1][2][3]. Group 1: Investment Overview - The investment will be made through the company's Hong Kong subsidiary, Bonree Data (Hong Kong) Technology Co., Ltd. [2] - The total investment amount is capped at 1 million USD, sourced from the company's own funds [2][3]. - The proposed subsidiary will have a registered capital of 10,000 Malaysian Ringgit and will focus on IT consultancy services and trading of IT products [3]. Group 2: Decision and Approval Process - The company's board of directors approved the investment during the third meeting of the fourth board session on August 7, 2025 [2]. - The management has been authorized to handle all necessary approvals and registrations related to the investment [2][3]. - This investment does not require shareholder approval as per the company's articles of association [3]. Group 3: Impact on the Company - The establishment of the Malaysian subsidiary aims to enhance trust and cooperation with local clients, aligning with the company's overall strategic development [3]. - The investment is not expected to disrupt the company's normal operations or harm the interests of shareholders, particularly minority shareholders [3]. - The Malaysian subsidiary will be included in the company's consolidated financial statements, leading to changes in the scope of consolidation [3].