Core Viewpoint - Company plans to establish a wholly-owned subsidiary in Hong Kong, which will invest in a wholly-owned subsidiary in the Cayman Islands, and subsequently set up a subsidiary in Australia for frozen food production and market expansion in Australia, New Zealand, and Southeast Asia [1][3] Group 1: Investment Details - Total investment amount is approximately AUD 280 million, primarily for establishing and operating overseas companies, purchasing fixed assets, and building a marketing system [1] - Funding will come from the company's own funds, and the actual investment amount will be subject to approval by Chinese and local authorities [1] Group 2: Market Analysis - The international Chinese food market is projected to exceed USD 260 billion by 2024, with a compound annual growth rate (CAGR) of 12%, indicating a growing global presence of Chinese cuisine [1] - The Australian frozen food market has a per capita annual consumption of USD 120, significantly higher than China's USD 35, suggesting a lucrative opportunity for market entry [3] - Southeast Asia's frozen food market is valued at USD 8.5 billion, with a CAGR exceeding 9%, presenting strong growth potential for the company's expansion [3] Group 3: Company Performance - Company has faced pressure on performance due to industry slowdown and increased competition, with 2024 revenue at CNY 6.632 billion, down 6% year-on-year, and net profit at CNY 542 million, down 27.6% [2] - In Q1 2025, revenue continued to decline to CNY 2.218 billion, a decrease of 1.58% year-on-year, with net profit at CNY 209 million, down 9.22% [2] Group 4: Strategic Intent - Company aims to actively adapt to market changes and seize overseas supply-demand gaps through this investment, enhancing its international market sales and operational capabilities [2][3] - The investment is seen as a step towards global development, improving the company's profitability channels and sustainable earnings [3]