Kuang-Chi Technologies: Invests $1.5 million to establish a wholly-owned subsidiary in Hong Kong.

Grandall Technology announced on January 15th that, based on the development needs of its international trade business, the company has invested in and established a wholly-owned subsidiary, Hong Kong Grandall Power Transmission and Transformation Industry Chain Technology Co., Ltd., in Hong Kong, China. The registered address of the wholly-owned subsidiary is 10/F 52 HUNG TO ROAD KWUN TONG HK. The registered capital is 1.5 million US dollars. Hong Kong Grandall Power Transmission and Transformation Industry Chain Technology Co., Ltd. has recently completed registration and obtained a business registration certificate. The investment amount for this foreign investment is 1.5 million US dollars, funded by the company's own funds, and does not involve physical assets, intangible assets, equity investments, or other investment methods. This foreign investment decision falls within the authority of the general manager and does not require approval from the board of directors or shareholders' meeting.