Group 1 - The core point of the announcement is the establishment of a wholly-owned subsidiary, Hong Kong Bosway Electronics Company Limited, by Shenzhen Bosway Information Technology Co., Ltd. to enhance its distribution business and market promotion [1][2]. - The investment amount for setting up the subsidiary is USD 20,000, funded by the subsidiary's own resources, and it does not require board or shareholder approval [1][2]. - The subsidiary is registered in Hong Kong and will focus on the trade of electronic components and technical outsourcing [1][2]. Group 2 - The purpose of the investment is aligned with the company's long-term strategic planning, aimed at improving competitiveness and expanding market presence [2]. - The investment is not expected to have a significant adverse impact on the company's financial and operational status, and it aligns with the company's strategic development needs [2]. - The company acknowledges potential market and operational risks associated with the new subsidiary, including economic conditions and industry competition, and plans to implement a robust internal risk control system [3].
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