Nanshan Aluminium establishes new Hainan subsidiary for strategic expansion

Shandong Nanshan Aluminium Company Limited has announced the establishment of a new wholly-owned subsidiary, Hainan Nanshan Aluminium Company Limited, with an investment of RMB 5 million from its own funds. The subsidiary has already obtained its business license from the Hainan Provincial Market Supervision Administration. This strategic move aims to leverage Hainan's free trade port policies and geographical advantages to expand the company's industrial layout, focusing on high-end aluminum product research and development, and import/export trade.

The new subsidiary, with a registered capital of RMB 5 million, will be wholly owned by Shandong Nanshan Aluminium. The company has appointed Lü Zhengfeng as the legal representative, director, and general manager, with Tan Shuqing as the financial officer. The establishment is intended to broaden the company's overseas market reach, enhance operational resilience, and improve regionalized management, thereby optimizing its overall business structure and resource allocation efficiency.

While this investment is expected to have a positive impact on the company's long-term development and profitability, Nanshan Aluminium has highlighted potential risks related to macroeconomic factors, industry environment, and market changes, which could affect the subsidiary's operating performance. The company assures that the investment will not adversely impact its financial position or operations.