Future Electronics: Intends to jointly invest with PINQUAN TECH PTE.LTD. from Singapore to establish two joint ventures in Indonesia.

Future Electronics announces that the company plans to establish two joint venture companies in Indonesia through the establishment of the overseas entity XINGCHEN INVEST PTE. LTD. in partnership with Singaporean company PINQUAN TECH PTE. LTD. The first joint venture company will focus on manufacturing and selling complete sets of high and low voltage electrical equipment, as well as providing related consulting and maintenance services. It is planned to have a registered capital of $1.3 million USD, with a total planned investment of $2.35 million USD in this round. The second joint venture company will focus on wholesaling and retailing electrical components, system integration equipment, and hardware products, as well as providing software and hardware consulting services. It is planned to have a registered capital of $650,000 USD, with a total planned investment of $650,000 USD in this round.