Wuhu Sanlian Forging (001282.SZ) plans to establish a branch in Germany and cancel its branch in Europe.

Wuhu Sanlian Forging (001282.SZ) announced that the company's board of directors has approved the proposal to establish a branch in Germany and dissolve the European branch. The board has agreed to set up the German branch and dissolve the European branch, authorizing the company's management and relevant personnel to handle the related matters. The announcement stated that the original European branch was registered in 2019, had no actual operations, and could not allocate operational funds. In light of adjustments to the company's strategic planning, it is proposed to send sales personnel to Germany for on-site presence, further deepening the European market, getting closer to overseas end customers, shortening service response time, enhancing localized business connections, technical consulting, and after-sales maintenance capabilities, continuously consolidating quality overseas customer resources, and increasing the company's product market share and brand influence in Europe. To improve the company's international operation layout and meet the ODI filing requirements of the Ministry of Commerce and the National Development and Reform Commission, the company intends to establish a branch in Germany and dissolve the original European branch.