Naruida Technology (688522.SH) plans to set up a wholly-owned subsidiary in Hong Kong, China.

Naruida Technology (688522.SH) Announcement: According to the company's strategic planning and business development needs, in order to accelerate international expansion, expand overseas markets, and attract international technical talents, the company plans to invest HK$10 million with its own funds to establish a wholly-owned subsidiary called Naruida Technology International Limited in Hong Kong, China. (The name is provisional and subject to final approval by the relevant local authorities).