Lightwave Technology (300620.SZ) plans to establish a subsidiary in Hong Kong to continue expanding overseas markets.

Zhitong Finance APP news, Guangku Technology (300620.SZ) issued an announcement that its controlled subsidiary Shanghai Baian Industrial Co., Ltd. (hereinafter referred to as "Baian Industrial"), due to business development needs, plans to establish a wholly-owned subsidiary in Hong Kong, Hong Kong Baian Technology Co., Ltd. (tentative name, subject to the name approved by the Hong Kong Companies Registry). The establishment of this Hong Kong wholly-owned subsidiary is an important measure in Baian Industrial's international strategic layout. Relying on Hong Kong's geographical and commercial advantages, the wholly-owned subsidiary will build an overseas business platform, which is conducive to Baian Industrial efficiently connecting with overseas customers, continuously expanding overseas markets, and enhancing overall international operational efficiency and market competitiveness.