Sanquan Foods announced that it plans to establish a wholly-owned subsidiary in Hong Kong, China. The Hong Kong subsidiary will invest to establish a wholly-owned subsidiary in the Cayman Islands, and Cayman Sun will invest in the establishment of a subsidiary in Australia, and eventually invest in the construction of an Australian production base and market development in Australia, New Zealand and Southeast Asia. The total foreign investment is about 280 million Australian dollars, mainly for matters related to the establishment and operation of overseas companies, fixed asset purchases, infrastructure transformation, marketing system construction, and working capital. The purpose of this move is to improve the company's global strategic layout, rapidly promote the overseas business development process, and enhance the company's sales revenue and market competitiveness in overseas markets.

Sanquan Foods announced that it plans to establish a wholly-owned subsidiary in Hong Kong, China. The Hong Kong subsidiary will invest to establish a wholly-owned subsidiary in the Cayman Islands, and Cayman Sun will invest in the establishment of a subsidiary in Australia, and eventually invest in the construction of an Australian production base and market development in Australia, New Zealand and Southeast Asia. The total foreign investment is about 280 million Australian dollars, mainly for matters related to the establishment and operation of overseas companies, fixed asset purchases, infrastructure transformation, marketing system construction, and working capital. The purpose of this move is to improve the company's global strategic layout, rapidly promote the overseas business development process, and enhance the company's sales revenue and market competitiveness in overseas markets.