Zhongshi Technology recently issued an announcement that, in order to expand overseas industrial layout, the company plans to increase capital to Hong Kong's wholly-owned subsidiary Mo Jin Development1.14Usd 100 million will be used for the Thai Sun Company newly established by Jasmine Development in Thailand, and the Thai Sun Company will invest in Thailand to build overseas production capacity construction projects centering on the company's main business. Zhongshi has been deeply engaged in key fields such as emergency response, public security, education and environmental protection, constantly strengthening the research and development and application of high-tech technologies such as artificial intelligence and the Internet of Things, and has achieved fruitful scientific research and commercial achievements in education, environmental protection, agriculture and other fields.

In recent years, the market of Zhongshi Technology in Thailand has gradually expanded, and the company urgently needs to establish a local company in Thailand to develop and maintain the Thai market. The company set up a Thai company through a Hong Kong company, on the one hand, it can simplify the procedures of foreign investment, save time, and help Zhongshi Technology to carry out business in Thailand as soon as possible. On the other hand, the Hong Kong company has many preferential tax policies that domestic companies do not have. The dividends of the Hong Kong company do not need to pay tax in Hong Kong, which is expected to improve the overall profitability of the company.

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