Weichuang Electric announced that the company and Zhejiang Rongtai signed a “Joint Venture Letter of Intent” to jointly establish a joint venture in Thailand. The two parties each hold 50% of the shares to expand the mechatronic market for intelligent robots and jointly develop and produce mechatronic components, intelligent transmission systems and supporting products. This letter of intent is only a framework and intentional agreement. The specific terms of cooperation are subject to the formal agreement, and there is uncertainty.

Weichuang Electric announced that the company and Zhejiang Rongtai signed a “Joint Venture Letter of Intent” to jointly establish a joint venture in Thailand. The two parties each hold 50% of the shares to expand the mechatronic market for intelligent robots and jointly develop and produce mechatronic components, intelligent transmission systems and supporting products. This letter of intent is only a framework and intentional agreement. The specific terms of cooperation are subject to the formal agreement, and there is uncertainty.