[Jing Fang Technology: plans to set up a wholly-owned subsidiary in Singapore for US $30 million] May 10, Jingfang Technology announced that the company intends to invest and set up a wholly-owned subsidiary in Singapore, with a proposed investment quota of US $30 million, with the aim of establishing the company's overseas business center, R & D engineering center and investment and financing platform, as a basis for the layout of production and manufacturing bases in neighboring Southeast Asian countries to achieve sustainable growth.