Anqao Smart Electronics (300617.SZ) plans to invest abroad and establish a Hong Kong subsidiary to further expand overseas markets

According to the Zhitong Finance App, Anjiao Zhidian (300617.SZ) announced that according to the company's business development plan, in order to better develop overseas business, promote exchanges and cooperation with international markets, and seize overseas market opportunities brought by global power grid upgrades and AI computing power infrastructure construction, the company plans to invest in the establishment of a wholly-owned subsidiary in the Hong Kong Special Administrative Region of China with its own capital. After the establishment of the target company, it will be included in the scope of the company's consolidated statements and become a new wholly-owned subsidiary of the company.

This foreign investment is an important step for the company to implement its overall development strategy and promote its international layout. It meets the actual needs of the company's business development. By establishing overseas entities, the company can further expand overseas markets, optimize global business layout, enhance international management capabilities and comprehensive competitiveness, and help the company develop continuously, steadily and with high quality without harming the interests of listed companies and all shareholders.