Core Viewpoint - The company announced plans to establish a wholly-owned subsidiary in Hong Kong with an investment of up to $50 million to expand its overseas market presence and enhance competitiveness [1] Group 1: Investment Details - The investment will be made using the company's own funds and will not exceed $50 million [1] - The subsidiary will be named "Hai'an International Holdings (Hong Kong) Limited," with the company holding 100% ownership [1] - The scope of operations for the new subsidiary includes investment holding among other activities [1] Group 2: Approval and Compliance - The investment decision was approved during the company's second board meeting and does not require shareholder approval as it falls within the board's authority [1] - The investment is subject to review and filing with the relevant regulatory authorities [1] - The transaction does not constitute a related party transaction or a major asset restructuring [1] Group 3: Strategic Intent - The primary aim of this investment is to expand the company's overseas market and improve its competitive edge [1] - The company acknowledges potential risks associated with regulatory approval and operational execution [1]
海安集团：拟5000万美元在港设全资子公司拓展海外市场