Hunan Hengguang Technology Co., LTD. Yu2022years9month23The 11th meeting of the fourth Board of directors of the company was held on September 11, and the "Motion on the proposed investment and establishment of a wholly-owned subsidiary" was deliberated and approved, and the use of its own funds was agreed1Hk $100 million to set up a wholly-owned subsidiary in Hong Kong.

The basic information of the proposed subsidiary is as follows:

Company Name: Hong Kong Hengguang New Energy Chemical Materials Co., LTD. (tentative name)

Registered capital:10,000Hk $10,000

Business scope: overseas market development, product sales, import and export trade, investment, technology research and development and promotion

Investment method and source of funds: monetary funds, with its own capital investment

Ownership structure: The company holds shares100%

The above information is subject to the approval and registration of the relevant local authorities.

Ring view:The company's establishment of a wholly-owned subsidiary in Hong Kong is based on Hong Kong's geographical advantages as an important international financial center and trade center in the world and its long-term connection to the international market. In the future, the company will carry out overseas investment activities through the Hong Kong subsidiary, strengthen the communication and cooperation between the company and the international market, accelerate the development of the company's overseas business, and further enhance the company's comprehensive competitiveness.

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.