Far East Holdings and others established a new company, its business includes trade brokerage.

According to the Kai'Cha'Cha app, in recent days, Yuanzhi Electric Wire and Cable Sales Co., Ltd. was established, with Wei Qingdao as the legal representative. Its business scope includes: wire and cable operations, trade brokerage, domestic trade agency, sales agency, etc. Equity penetration disclosed by Kai'Cha'Cha shows that the company is jointly held by Yuan Dong Electric Cable Co., Ltd., a wholly-owned subsidiary of Far East stock.