Hai'an Group: Plans to establish a wholly-owned subsidiary in Hong Kong with an investment of $50 million to expand overseas markets.

The announcement of Haian Group stated that the company held the nineteenth meeting of the second board of directors in 2026, and approved the proposal of overseas investment. It was agreed to use no more than 50 million US dollars of its own funds to establish a wholly-owned subsidiary "Haian International Holdings Limited" in Hong Kong, with the company holding 100% of the shares. The business scope includes investment holding, etc. This investment is within the authority of the board of directors and does not require approval from the shareholders' meeting. It still needs to be reviewed and filed by the competent department, and does not constitute a related party transaction or a major asset restructuring. The purpose of the investment is to expand the overseas market, enhance competitiveness, but there are risks in terms of review and operation.