Zhejiang Rongtai Electric Material (603119.SH) intends to establish a joint venture company with Suzhou Veichi Electric in Thailand to jointly develop applications for the intelligent Siasun Robot & Automation electromechanical integration market.

Zhejiang Rongtai Electric Material (603119.SH) announced that on December 26, 2025, the company signed a "Joint Venture Intention Agreement" with Suzhou Veichi Electric Technology Co., Ltd. (referred to as "Suzhou Veichi Electric"). The agreement outlines plans for the two companies to jointly invest in setting up a joint venture company in Thailand, focusing on the research and production of electromechanical integrated components, intelligent transmission systems, and supporting products for the intelligent Siasun Robot & Automation market. The signing of this cooperation agreement clarifies the basic cooperation model in the industrial field for both parties, laying a good foundation for the final agreement to be signed. Leveraging its own customer and brand advantages, the company will work with Suzhou Veichi Electric to jointly develop applications for the intelligent Siasun Robot & Automation electromechanical integration market, fully utilizing the technical and resource advantages of both parties to achieve mutual cooperation and win-win results.