Sanquan Food: Plans to invest 280 million Australian dollars to establish overseas subsidiaries and affiliates.

Sanquan Food announces that the company plans to establish a wholly-owned subsidiary in Hong Kong, China. The Hong Kong subsidiary will invest in setting up a wholly-owned subsidiary in the Cayman Islands, which will in turn invest in establishing a subsidiary in Australia. The ultimate goal is to invest in and build a production base in Australia and expand into the markets of Australia, New Zealand, and Southeast Asia. The total amount of this foreign investment is approximately 280 million Australian dollars, mainly used for establishment and operation of overseas companies, purchase of fixed assets, infrastructure renovation, marketing system construction, working capital, and other related matters. This move aims to enhance the company's global strategic layout, accelerate the development of overseas business, and increase sales revenue and market competitiveness in overseas markets.