2022 years 3 month 30 On January 14, the Company held the 14th meeting of the third Board of Directors to review and approve the "Motion on investment establishment of a Hong Kong subsidiary", and agreed to establish a wholly-owned subsidiary of Kaizhong International in Hong Kong(Hong Kong)Limited company (tentative name), registered capital 450 Hk $10,000 held by the company 100%Equity.

Ring view:In order to meet the needs of overseas market expansion and overseas business layout, the company plans to invest in Hong Kong 450 Ten thousand Hong Kong dollars, set up 100%Wholly-owned subsidiary, as the overseas market layout of the investment platform. This investment is in line with the company's business strategy and development needs, and is conducive to relying on Hong Kong's regional advantages, effectively strengthening international cooperation and overseas business development, and has a positive impact on the long-term development and strategic layout of the company.

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