Zhejiang Wandekai Fluid Equipment Technology Co., LTD. Yu2022years10month12The 20th meeting of the second Board of directors was held on January 20, and passed the Motion on the establishment of a wholly-owned subsidiary of the Company in Hong Kong. The detailed content is as follows: The company intends to invest in the establishment of a wholly-owned subsidiary "Kaiying International (Hong Kong) Co., LTD." (the provisional name, the final name approved by the administrative department of industry and commerce) in Hong Kong, with the provisional registered capital of10Ten thousand Hong Kong dollars subscribed by the company100%Amount of capital contribution.

Ring view:The company's investment and establishment of a wholly-owned subsidiary in Hong Kong is mainly based on the needs of the company's strategic planning and business development, as well as considering the business environment and government policy support in Hong Kong, so as to further expand the company's production scale, increase the company's R&D investment, consolidate the product R&D and application ability, and improve the company's operating income and comprehensive strength. The establishment of a wholly-owned subsidiary is in line with the company's strategic development and business operation needs, is conducive to increasing the company's market share, and is in line with the interests of the company and all shareholders.

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