Shanghai Huafon Aluminium Corporation (601702.SH) plans to invest in establishing a wholly-owned subsidiary in Hong Kong.

Shanghai Huafon Aluminium Corporation (601702.SH) announced that in order to fully utilize Hong Kong's unique location advantages as an international financial center and global trade hub, as well as favorable conditions in terms of tax incentives, they plan to further expand the company's overseas market layout, optimize international trade business processes, and enhance the company's international competitiveness in the aluminum heat transfer industry and related supporting fields. The company plans to establish a wholly owned subsidiary in Hong Kong with a registered capital of 1 million US dollars.