Hunan Hualian China Industry (001216.SZ) plans to invest in the establishment of a subsidiary in the United States with an investment not exceeding $10 million.

Hunan Hualian China Industry (001216.SZ) announced that it plans to establish subsidiaries in the Cayman Islands, Singapore, and Luxembourg as holding companies, and then establish a subsidiary in the United States to conduct trade and related business operations through the aforementioned holding companies. The total investment amount is expected to not exceed 10 million US dollars. This proposed overseas investment to establish a subsidiary in the United States is an important part of the company's internationalization strategic planning, which will enable the company to better serve customers and further enhance its market share.