Core Viewpoint - Guangdong Yuanshang Logistics Co., Ltd. has made significant progress in establishing a wholly-owned subsidiary in Hong Kong, with a registered capital of 3 million HKD and a total investment of approximately 382,200 USD for the project [1][2]. Group 1: Investment Details - The company’s board approved the investment proposal to set up a wholly-owned subsidiary in Hong Kong during a meeting held on June 6, 2025 [1]. - The registered capital for the new subsidiary is set at 3 million HKD [1]. - The project has received the necessary approval from the Guangdong Provincial Development and Reform Commission, with a project registration notice valid for two years [2]. Group 2: Project Specifications - The project is named "Guangdong Yuanshang Logistics Co., Ltd. New Hong Kong Yuanshang Logistics Co., Ltd. Project" [2]. - The total investment for the project amounts to 382,200 USD, with the entire amount funded by the company's own resources [2]. - The main business activities of the new subsidiary will include cargo transportation agency, road cargo transportation, cargo storage services, and loading and unloading operations [2].