WONLY plans to establish a wholly-owned subsidiary in Hong Kong
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According to the announcement from WONLY, based on strategic planning and business needs, the company intends to use its own funds to invest HKD 500,000 (approximately RMB 460,000 based on the exchange rate of 1:1.09, with the actual investment amount subject to the approval of the relevant authorities) to establish a wholly-owned subsidiary in Hong Kong—WONLY (Hong Kong) Limited (tentative name, subject to the final approval results from the relevant local authorities)
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