Far East Corporation and other investors have established a new company that includes trade brokerage services.

According to the Qi Cha Cha APP, recently, Yuanzhi Yuandong Electric Wire and Cable Sales Co., Ltd. was established, with Hong Shuizhong as its legal representative and a registered capital of 500,000 yuan. Its business scope includes: wire and cable operations; electrical equipment sales; trade brokerage; domestic trade agency; market marketing planning; sales agency; consulting and planning services, etc. The equity penetration of the company shows that the company is jointly held by Hong Shuizhong and the Yuandong Cable Co., Ltd. under Yuan Dong Group.