The company plans to establish a wholly-owned subsidiary named Kashgar Fanxiya Clothing Co., Ltd. with a registered capital of 10 million RMB in Kashgar, Xinjiang. This investment aims to enhance the company's market presence in Northwest China and expand into Central and South Asia. The decision has been approved by the board and does not require shareholder approval, nor does it constitute a related party transaction or significant asset restructuring.
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Securities Code: 002494
Securities Abbreviation: Huas Holdings
Announcement Number: 2026-021
Huas Holdings Co., Ltd. Announcement on Establishing a Wholly-Owned Subsidiary in Kashgar, Xinjiang
The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
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