Xi 'an Zhongrong Electric Co., LTD2022years6month30The second meeting of the third Board of Directors was held on December 12, and the bill on the establishment of a wholly-owned subsidiary in Hong Kong was approved. The basic information of the Hong Kong subsidiary is tentatively as follows:

Name of subsidiary:Hongkong Changda Ltd

Registered address: Hong Kong, China 

Registered capital:10Hk $10,000 

Method of investment: The company will use its own funds for investment 

Ownership structure: Held by the company100%equity 

The specific name, registered capital, registered address and business scope of the subsidiary shall be subject to the approval of the local industry and commerce registration authority.

Ring view:The foreign investment of Xi 'an Zhongrong Electric Co., Ltd. will help the company to rely on the regional advantages of Hong Kong, effectively strengthen the development of overseas business, further improve the company's market competitiveness and brand awareness, have a positive impact on the company's long-term development and strategic layout, and meet the needs of the company's strategic development.

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