Kede Education (300192.SZ) plans to establish overseas subsidiaries and child companies to promote expansion through external means.

Zhitong Finance APP news, Kede Education (300192.SZ) announced that the company plans to use its own funds to establish a wholly-owned subsidiary, Huaxin Yuanjing Holdings Limited (tentative name, subject to final registration results), in the Hong Kong Special Administrative Region, and that wholly-owned subsidiary will invest in the establishment of a wholly-owned subsidiary, Huaxin Yuanjing Investment Limited (tentative name, subject to final registration results). The total amount of this foreign investment is approximately 100 million Hong Kong dollars, and the actual investment amount will be based on the approvals from Chinese and local authorities. The establishment of the overseas subsidiary and the grandchild company is a forward-looking deployment made by the company based on its medium to long-term strategic development plan, and it is an important foundational work for the company's external expansion.