Ling Wei Technology announced that in order to further implement the global development strategy, improve the European market layout, and enhance overseas market operations and customer service capabilities, the company plans to invest in the establishment of a wholly-owned subsidiary in Germany through its wholly-owned subsidiary Ling Wei Holdings Co., Ltd., with an investment amount of no more than 5 million euros. After the establishment of the target company, it will be included in the scope of the company's consolidated statements and become a new wholly-owned subsidiary of the company.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.