: plans to invest 20 million yuan to establish a Hong Kong subsidiary to expand overseas markets.

Union Win Laser announced that, in order to expand overseas markets and enhance international competitiveness, it plans to invest 20 million yuan to establish Union Win Laser Co., Ltd. in Hong Kong, with the company contributing the funds and holding 100% of the shares. This matter has been approved by Chairman Han Jinlong, and does not require approval by the board of directors or the shareholders' meeting, and does not involve related party transactions or major asset restructuring. However, the operation of the project may face risks such as political and economic environment changes, and may require approval or filing by relevant domestic and foreign authorities, which may involve uncertainties.