GeLongHui, on November 28th, announced that in order to develop shipping business in countries such as Guinea and Indonesia, improve the company's business layout and medium to long-term development plan, the company plans to establish one or more wholly-owned subsidiaries in Hong Kong through Hainan JuShen Information Technology Co., Ltd. The subsidiary or its subordinate companies will serve as the implementing body to carry out overseas shipping projects, with a planned investment amount not exceeding RMB 0.25 billion (or the equivalent in foreign currency), mainly for the purchase of barges, floating cranes, and supporting assets, with funds coming from the company's own funds or self-raised funds. At the same time, the company will invest in batches according to overseas market demand, business progress, and financial situation.