Liard Investment Sets Up Hong Kong's wholly-owned subsidiary to complete registration

On June 28, 2013, Liard established a wholly-owned subsidiary, Liard (Hong Kong) Co., Ltd. (hereinafter referred to as “Liyad Hong Kong”), with an authorized share capital of HK$25 million. Recently, the "Company Registration Certificate" (No. 1930257) issued by the Companies Registry of the Hong Kong Special Administrative Region and the Business Registration Certificate issued by the Business Registration Office of the Hong Kong Special Administrative Region Taxation Office (registration number -06-13-8) were obtained.

1. Name of wholly-owned subsidiary:
Chinese name: Liard (Hong Kong) Co., Ltd.
English name: LEYARD(HONGKONG) CO.,LIMITED
2, company type: limited company
3. Authorized share capital: HK$25 million
4. Date of establishment: June 28, 2013
5. Company address: RM 905, WORKINGBERG COMM BLDG, 41-47 MARBLE RD, HK
6. Nature of business: sales of electronic display products, lighting products, electronic identification products, import and export of goods and technology;
7. Investment method: Liard Hong Kong is fully invested by the company with a planned investment amount of RMB 20 million. The capital contribution method is RMB cash contribution, and it invests in Liard Hong Kong with its own funds.


Liard said that the impact of setting up a Hong Kong subsidiary on the company is mainly reflected in the following aspects:

1. The establishment of the Hong Kong subsidiary is an important step in implementing the company's international business strategy. It is of practical significance to promote product sales growth, gradually expand the overseas reputation of the “Liard” brand, and enhance the company's image.

2. The Hong Kong subsidiary will serve as a platform for the company to invest or control foreign companies or foreign equity, and promote the company's foreign investment development.

3. The Hong Kong subsidiary can serve as a platform for the company to explore the international market, further accelerate the company's entry into the international market, in line with the company's international development strategy.

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