Zhitong Finance App News, Anfu Technology (603031.SH) announced that the company plans to invest in the establishment of a wholly-owned subsidiary in Singapore with an investment amount of 20 million US dollars. The investment and establishment of a wholly-owned subsidiary in Singapore is based on considerations of the company's strategic development plan. It is beneficial to rely on Singapore's location advantages, strengthen cooperation and exchanges in international markets and expand overseas business, and further enhance the company's competitiveness and brand awareness in domestic and foreign markets.