Gifore Agricultural Science & Technology Service (300022.SZ) announced on the Zhitong Financial app that, in order to meet the needs of the company's overseas business development, it will be committed to strategic layouts in overseas markets, expanding the company's business scope, improving overall operational efficiency and market competitiveness. The company plans to invest a total of approximately 6 million yuan in Japan through a wholly-owned subsidiary with a self-owned capital of 100,000 US dollars.

The announcement stated that the establishment of a wholly-owned subsidiary in Japan is in line with the company's business development plan, which will help the company grasp the development trend and customer needs of the international agricultural machinery industry, and enhance its overall competitiveness. This external investment is made using the company's own funds, which will not affect the independence of the company and its subsidiaries, and will not have any adverse effects on the company's operating conditions and finances, nor will it harm the interests of the company and all shareholders.