Shenghang Shares recently announced that it intends to set up a wholly-owned subsidiary in Hong Kong, China by means of its own and self-raised funds. The total investment shall not exceed3000Ten thousand dollars, the name of the subsidiary is to be "Sheng Marine Transportation(Hong Kong)Limited company.

Ring view:The purpose of the investment and establishment of the Hong Kong subsidiary of Shenghang Stock is to implement the strategic planning and layout of foreign trade transportation business, meet the actual needs of carrying out the international liquid cargo and dangerous goods transportation business. Meanwhile, relying on the shipping resources, supporting services and geographical advantages of Hong Kong International Shipping Center, China, further plan the company's business development, explore overseas markets, and promote the company's rapid development. Enhance the comprehensive competitiveness of the company.

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