1. Turning a branch into a subsidiary is equivalent to the parent company reinvesting in a new company. You can conduct assets verification and asset evaluation of branches, provide sponsors' agreement or investment agreement, articles of association of the new company, relevant certificates of sponsors, verify capital, and fill in relevant forms to register with the industrial and commercial departments. However, the name of the original branch must be verified by the industrial and commercial department and may not be extended.
2. When a subsidiary company becomes a branch company, it must go through liquidation, taxation and industrial and commercial cancellation. After the formal cancellation, the parent company will apply to the local industrial and commercial department to set up a branch.