Hexing Corporation announcement: The company plans to use its wholly-owned subsidiary, Zhejiang Hexing Electronic Components Co., Ltd., as the investment body to establish a wholly-owned company named SYNERGROW-HX (HK) LIMITED in Hong Kong with HKD 0.5 million of its own funds. The company's external investment in this case needs to be filed or approved by relevant competent departments such as the commerce department, the development and reform commission, and the foreign exchange management. There is a risk of failing to obtain filing or approval from the competent department. At the same time, there are certain differences between Hong Kong's legal and policy system, business environment, and the mainland. The company needs to pay attention to the operational risks and management risks that Hong Kong companies may face during the operation process.