Xingtong Shares recently announced that the company intends to use its own funds to invest in the establishment of a wholly-owned subsidiary in Hong Kong, the name of the subsidiary is "Xingtong Shipping (Hong Kong) Limited (Xingtong Shipping(HK)Co.,Limited) ", the total amount of investment shall not exceed1600After its establishment, it will be mainly engaged in ship buying and selling, ship management and ship operation business.

Ring view:By establishing subsidiaries abroad, the company is conducive to expanding the international liquid cargo and dangerous goods transportation business, improving the company's overall operation, management, integration ability and market competitiveness, and promoting the development of the company's international transportation business. At the same time, it helps the company to better serve customers, adapt to market changes, respond to customer needs, and provide multi-category and multi-regional transportation services. This foreign investment is in line with the overall development plan of the company, which is conducive to the better development of the company's international transportation business and enhance the company's ability to give investors long-term and sustained returns.

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