On July 27, Huizhou Hui Derui Lithium Battery Technology Co., Ltd. (Stock Name: Derui Lithium Battery, Stock Code: 920523) revealed that its initiative to establish a wholly-owned subsidiary in Hong Kong had successfully obtained the (Overseas Investment Certificate No. N4400202600923) from the Guangdong Provincial Department of Commerce. This marks the successful completion of the overseas investment filing process. The company decided to set up this subsidiary in response to the growth requirements of its international trade operations, with the objective of solidifying its foothold in the global market and boosting its competitive edge. The subsidiary, which boasts a registered capital of USD 300,000, will engage in the import and export trade, as well as the wholesale and retail of lithium batteries. The capital for this venture comes from the company's internal reserves and does not encompass new business sectors or private equity investment activities.