Future Electric (301386.SZ) plans to establish a joint venture in Indonesia to expand overseas market layout

According to Zhitong Finance App, Future Electric (301386.SZ) announced that in response to the country's “going global” development strategy, the company plans to actively expand its overseas market layout. It plans to establish overseas entities XingChen INVEST PTE.LTD. with its own capital through the establishment of path companies COGLORY HOLDING PTE.LTD and CoGlory One Inc. New entity XINGCHEN INVEST PTE.LTD. (hereinafter referred to as “Party A”) will cooperate with PINQUAN TECH PTE.LTD. (hereinafter referred to as “Party B”) jointly invested in the establishment of a joint venture in Indonesia (hereinafter referred to as “Indonesia”) and signed a “Foreign Investment Agreement”.

This foreign investment is a key initiative implemented by the company based on overall strategic planning and international development needs. It aims to improve the layout of overseas industries, enhance international competitiveness and service response efficiency, and provide strong support for the achievement of the company's medium- to long-term strategic goals.