Puya Semiconductor (Shanghai) Co., Ltd. (688766.SH) plans to establish a subsidiary in Hong Kong to improve its business layout.

Puya Semiconductor (Shanghai) Co., Ltd. (688766.SH) announced that the company plans to establish a subsidiary in Hong Kong, China, with an investment amount of $1 million. The purpose of this foreign investment to set up a wholly-owned subsidiary in Hong Kong is to leverage regional advantages, better meet the needs of overseas customers, improve service quality and efficiency, enhance the company's international competitiveness, expand overseas market share, and improve the company's business layout.