On February 10th, Hai'an Rubber Group Co., Ltd. issued an announcement stating that to optimize the global allocation of resources and expand overseas markets, the company plans to use self-owned funds of no more than 50 million US dollars (equivalent to approximately RMB 350 million) to establish a wholly-owned subsidiary in Hong Kong.
The tentative name of the subsidiary is HAIAN INTERNATIONAL HOLDING (HONG KONG) LIMITED.
This matter was reviewed and approved at the 19th meeting of the 2nd Board of Directors of the company on February 9th, 2026.
According to the announcement, the purpose of this investment is to further broaden the company's overseas investment and financing channels, introduce advanced international technologies and management experience, strengthen the synergy of its core business, and enhance the company's long-term competitiveness and shareholder returns by leveraging Hong Kong's role as an international financial and trade hub.
The business scope of the subsidiary covers investment holding, asset management, trade, technical consulting and other fields.
Hai'an Group stated that the establishment of the Hong Kong subsidiary is an important step in the company's globalization strategy, which will help the company participate in international market competition more flexibly, integrate overseas resources, and advance the internationalization process of its business.
At the same time, the company will also take advantage of Hong Kong's geographical and institutional strengths to actively explore opportunities for international business cooperation and technological innovation.
As a leader in the global all-steel giant tire sector, this investment marks a substantive step in its global layout and is expected to inject new impetus into its long-term development.
