Core Viewpoint - The company plans to establish a wholly-owned subsidiary in Hong Kong with a registered capital of 50 million HKD to explore, procure, and trade overseas coking raw material suppliers, leveraging Hong Kong's advantages as an international trade, logistics, and financial center to seize opportunities in the new energy sector and meet production demands [1] Group 1 - The subsidiary will be funded by the company's own capital [1] - The registered capital for the new subsidiary is set at 50 million HKD or equivalent currency [1] - The focus will be on exploring and procuring coking raw materials to support both the company and the industry [1] Group 2 - The establishment of the subsidiary aims to utilize Hong Kong's strategic position in international trade and logistics [1] - The initiative is aligned with the development opportunities in the new energy industry [1] - The company seeks to expand its variety of coking raw materials through this new venture [1]