Lianying Laser: plans to invest $2 million to establish a subsidiary in Hungary.

Lianying Laser announced that in order to expand overseas markets and enhance international competitiveness, the company plans to invest in setting up Lianying Laser Co., Ltd. in Budapest, Hungary, with a total investment amount not exceeding 2 million US dollars. The investment will be made with the company's own funds, holding 100% of the shares. This matter has been approved by the company's chairman, Han Jinlong, and does not require deliberation by the board of directors and shareholders' meeting, nor does it involve related party transactions or major asset restructuring. However, there are risks in project operation due to changes in the political and economic environment, and the need for filing or approval from relevant government agencies, with uncertainty in terms of timing.