Jiangsu Huaxin New Material (300717.SZ) invested in the establishment of Huaxin Holdings (Hong Kong) Limited.

Jiangsu Huaxin New Material (300717.SZ) announced that, based on its development strategy and operational needs, it has invested $3 million US dollars of its own funds to establish a wholly-owned subsidiary, Huaxin Holdings (Hong Kong) Limited (referred to as "Huaxin Hong Kong Company") in Hong Kong, China. The company holds 100% of the shares of Huaxin Hong Kong Company. Recently, the company has completed the registration procedures of Huaxin Hong Kong Company and obtained the "Certificate of Incorporation" and "Business Registration Certificate" issued by the Companies Registry of the Hong Kong Special Administrative Region. The establishment of a wholly-owned subsidiary in Hong Kong is in line with the company's development strategy and operational needs. It will help strengthen the company's cooperation and communication with the international market, accelerate the realization of the company's internationalization strategic goals, promote the company's sustainable and healthy development, and safeguard the long-term interests of shareholders. It is of positive significance for the future development of the company.