According to Zhitong Finance App, Cod Education (300192.SZ) announced that the company plans to establish Huaxin Vision Holdings Limited, a first-level wholly-owned subsidiary in the Hong Kong Special Administrative Region (provisional name, subject to the final registration results), and the Hong Kong first-level wholly-owned subsidiary will fund the establishment of Huaxin Vision Investment Co., Ltd. (tentative name, subject to final registration results). The total foreign investment this time is approximately HK$100 million. The actual investment amount is based on the amount approved by the Chinese and local authorities. The establishment of overseas subsidiaries and subsidiary companies is a forward-looking arrangement made by the company based on medium- to long-term strategic development plans. It is an important foundation for the company to promote epitaxial expansion.

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