In order to further expand the Company's business, meet market and customer needs, and improve market response speed, Wuxi Honghui New Material Technology Co., LTD. (hereinafter referred to as the "Company") plans to use its own capital for investment in accordance with business development and strategic planning requirements4,000RMB ten thousand Yuan or equivalent foreign currency, investment in Hong Kong to establish a wholly-owned subsidiary - Honghui New Material (Hong Kong) Co., LTD.

Ring view:The investment and establishment of a wholly-owned subsidiary in Hong Kong meets the needs of the company's operation and development. Relying on the geographical advantages of Hong Kong, the company can strengthen the cooperation and exchanges with the international market and expand overseas business, which will help to find suitable projects for investment. It will have a positive impact on the company's long-term development and strategic layout, and is in line with the company's development strategy and the interests of shareholders.

CycloseThe company focuses on providing corporate audit, tax declaration, registration, annual inspection, tax planning and other services in Hong Kong, Singapore, Dubai and other regions. Efficient, rigorous, intimate service has been favored by many private enterprises, listed companies and large state-owned enterprises.