Hong Kong Stock Alert | XUNZHONG (02597) Surges Nearly 10% as Company Establishes Wholly-Owned Subsidiary in Hong Kong to Accelerate Overseas Market Expansion

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XUNZHONG (02597) surged nearly 10%, and as of press time, the stock was up 9.14% to HK$15.28, with a trading volume of HK$4.546 million.

On the news front, on September 5, XUNZHONG announced that due to the company's strategic planning and business development needs, the company established a wholly-owned subsidiary, Xunzhong Future Communication Technology Limited, in Hong Kong on September 2, 2025. The subsidiary is registered in Hong Kong with a registered capital of HK$10,000.

The announcement stated that establishing this wholly-owned subsidiary in Hong Kong represents an adjustment aligned with the company's future overseas market expansion and strategic planning and business development needs. This move is beneficial for further enhancing the company's comprehensive competitiveness and achieving the company's long-term strategic development goals, having a positive impact on the company's long-term development.

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The subsidiary is registered in Hong Kong with a registered capital of HK$10,000.</p>\n<p>The announcement stated that establishing this wholly-owned subsidiary in Hong Kong represents an adjustment aligned with the company's future overseas market expansion and strategic planning and business development needs. 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