Jiangsu Ankura Intelligent Electric (300617.SZ) plans to make an outbound investment to establish a Hong Kong subsidiary to further expand its overseas market.

Jiangsu Ankura Intelligent Electric (300617.SZ) announced that, in accordance with the company's business development plan, in order to better expand its overseas business, advance exchanges and cooperation with international markets, and seize the overseas market opportunities brought by the global power grid upgrade and AI computing infrastructure construction, the company plans to invest its own funds to establish a wholly-owned subsidiary in the Hong Kong Special Administrative Region of China. After the target company is established, it will be included in the company's consolidated financial statements and become a newly added wholly-owned subsidiary of the company. This outbound investment is an important measure for the company to implement its overall development strategy and advance its international layout, and it aligns with the actual needs of the company's business development. By establishing an overseas entity, the company can further expand its overseas market, optimize its global business layout, enhance its international operating capability and comprehensive competitiveness, and support the company's sustained, steady, and high-quality development. There is no circumstance that harms the interests of the listed company and all shareholders.