In order to develop overseas markets, Senrui Technology intends to spend 9 million yuan to set up a wholly -owned subsidiary in Hong Kong

On July 21, 2022, Mori Technology (839182.NQ) issued an announcement of foreign investment (planned to establish a wholly -owned subsidiary of Hong Kong).

The announcement shows that in order to further plan the company's development business, open up overseas markets, promote the rapid development of the company, and enhance the company's comprehensive competitiveness and long -term international development plan, the company intends to invest in a wholly -owned subsidiary in Hong Kong. Intelligent (Hong Kong) Co., Ltd. (tentatively, the specific name is finally based on industrial and commercial registration), with a registered capital of 9 million yuan, and the company's subscription contribution is 9 million yuan, accounting for 100.00%of the registered capital.

According to the "Application Guidelines for the Rule of M & A and Reorganization of SMEs' Share Enterprise Transfer System No. 1 -Major Asset Reorganization": "Listed companies have newly established wholly -owned subsidiaries or holding subsidiaries, increased capital to wholly -owned subsidiaries or holding subsidiaries It does not constitute a major asset reorganization. "Therefore, the external investment matters do not constitute a major asset reorganization.

According to the company's "Foreign Investment Management System" and "Company Articles of Association", the amount of foreign investment accounted for the company's recent audited consolidated financial accounting statement of the company's net assets at the end of the period of net assets that did not reach 10%. There is no need to submit to the board of directors or shareholders' meeting for consideration.

Mori Technology said that the establishment of a wholly -owned subsidiary this time is to improve the company's comprehensive strength and competitive advantages, actively expand its business, meet the company's strategic planning and business development needs, will promote the company's rapid development and enhance the company's future profitability.

This foreign investment is a cautious decision made from the long -term strategic layout. It is legally compliant and there is no major risk. However, in the actual operation process, it may face the risks of operation management and market environment.

The company will continuously improve the internal control system, strengthen the risk prevention operation mechanism, rely on the management experience accumulated in the early stage, strengthen the supervision and control of subsidiaries management and operation, prevent various risks, and ensure that foreign investment returns.

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