Hangxiao Steel announced that the 11th meeting of the 9th board of directors of the company reviewed and passed the bill to establish a Singapore branch and authorized management to handle related work. The branch does not have independent legal personality, and its business scope includes contract engineering, steel structure production and installation, etc. The establishment of a branch office is a local bidding requirement. It is conducive to undertaking projects, serving regional markets, and promoting international business development, but it faces uncertainty caused by differences in overseas environments. Related matters still need to be completed with overseas investment project filing and departmental approval procedures.

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