Zhitong Finance App News, Future Electronics (301386.SZ) announced that the board of directors of the company reviewed and passed the “Proposal on Establishing Overseas Subsidiaries and Sun Companies” to establish overseas subsidiaries EnerGrowth Inc (tentative) and the subsidiary ENERGROWTH TECHNOLOGY PTE.LTD with its own capital. (Tentative).

EnerGrowth Inc has an authorized share capital of 50,000 US dollars. The proposed business scope is: manufacture and maintenance of switchgear and power distribution equipment; manufacture of electrical machinery, equipment, tools and supplies. ENERGROWTH TECHNOLOGY PTE.LTD. The registered capital is 100 US dollars, and the total investment is 6.5 million US dollars. The proposed business scope is: manufacturing and maintenance of switchgear and power distribution equipment; manufacturing of electrical machinery, equipment, tools and supplies.

According to reports, the purpose of this foreign investment is to further expand overseas markets, enhance international competitiveness and service capabilities, improve the company's business layout and medium- to long-term strategic development plans, and enhance the company's comprehensive strength.