XUNZHONG (02597) Establishes Wholly-Owned Hong Kong Subsidiary to Accelerate Global Strategic Expansion

Stock News

Sep 05

XUNZHONG (02597) announced that following its listing on the Hong Kong Stock Exchange on July 9, 2025, the company has established a wholly-owned subsidiary in Hong Kong on September 2, 2025, to meet strategic planning and business development requirements.

The newly established subsidiary, Xunzhong Future Communication Technology Limited, is registered in Hong Kong with a registered capital of HK$10,000.

According to the announcement, the establishment of this wholly-owned subsidiary in Hong Kong is based on the company's strategic adjustments for future overseas market expansion and business development needs following its listing on the Hong Kong Stock Exchange. This initiative is expected to further enhance the company's comprehensive competitiveness, achieve long-term strategic development objectives, and have a positive impact on the company's long-term growth.

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