Goliath Rigging plans to establish a wholly-owned subsidiary to increase investment in marine technology.

Juli Rigging announced that the company plans to invest 100 million yuan of its own funds to establish a wholly-owned subsidiary, Juli Rigging Marine Technology Co., Ltd., with a planned location in the bonded area of Tianjin Port. Zhang Yun, the secretary of the board of directors of Juli Rigging, stated that settling in this area can achieve multiple synergies: on the one hand, by leveraging the cluster of marine equipment enterprises in the region, a supply chain synergy can be formed to reduce research and development and manufacturing costs; on the other hand, by utilizing the policy advantages of the bonded area, the efficiency of product exports can be improved, accelerating the expansion of the international market. In addition, the port logistics and trade service formats in the region can enhance the company's "production-transportation-sales" full chain layout, further strengthening market response capabilities.