Zhengchuan Co., Ltd. (603976.SH) plans to invest in establishing a wholly-owned subsidiary in Hong Kong.

The Zhixin Finance APP reports that Zhengchuan Shares (603976.SH) has announced that, according to the company's strategic planning and business development needs, the company plans to use its own funds to establish a wholly-owned subsidiary in Hong Kong, named Zhengchuan International (Hong Kong) Co., Ltd. (tentative name, final name subject to registration results), with a foreign investment amount of 500,000 US dollars (or equivalent in other currencies).