Swancor Advanced Materials Co., Ltd. (688585.SH) plans to establish a branch in Hong Kong and Taiwan.

Swancor Advanced Materials Co., Ltd. (688585.SH) announced that the company held its tenth meeting of the third board of directors on January 16, 2025, and approved the proposal for the establishment of a subsidiary company by setting up a branch in Taiwan. The proposed name for the subsidiary is "Swancor Hong Kong Limited Taiwan Branch". Hong Kong is an international financial center with advantages in trade, shipping, and talent aggregation. The company plans to reposition Swancor Hong Kong as its international business headquarters. The establishment of the Swancor Hong Kong branch aims to adjust the company's internal organization and operating model in the short term, and recruit more international talents in the medium to long term. The goal is to transform Swancor Hong Kong into a physical operation model and strengthen international cooperation to achieve the vision of sustainable development.