Yuanfang Optoelectronics invested RMB 88,000 to establish a wholly-owned subsidiary in Hong Kong

The 25th meeting of the first board of directors of Yuanfang Optoelectronics reviewed and approved the “Proposal on Foreign Investment”. The company used its own funds of approximately HK$100,000 (approximately RMB 88,000) to establish a wholly-owned subsidiary in Hong Kong as a company's international trade. , the window of communication and cooperation.

The Chinese name of the company is: Yuanfang (Hong Kong) International Co., Ltd. (subject to the approval of relevant departments), the registered capital is 100,000 Hong Kong dollars, and the proportion of Yuanfang Optoelectronics is 100%. The company's proposed business scope includes: international trade, international cooperation and international project investment management (subject to the registration and approval of relevant departments).

Yuanfang Optoelectronics said that the establishment of a Hong Kong subsidiary as a window for the company's international trade, exchanges and cooperation can promote exchanges and cooperation between the company and the international market, timely access to the latest information in the international market, and effectively improve the efficiency and effectiveness of the company's international management. And vigorously promote the company's various foreign investment plans.

This investment does not constitute a connected transaction, nor does it constitute a major asset restructuring act as stipulated in the Measures for the Administration of Major Asset Restructuring of Listed Companies.

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