According to the Zhitong Finance APP, Suntech Co., Ltd. (301429.SZ) announced that, for the purpose of developing the USA market and expanding the marketing promotion of the company's products, its wholly-owned subsidiary Suntech (Thailand) Co., Ltd. ("Thailand Suntech") plans to establish a new wholly-owned subsidiary in the USA. The registered capital will not exceed 0.2 million US dollars.

In recent years, the company has adhered to the development strategy of 'based in China, going global,' actively expanding international markets. We have successfully established subsidiaries in Europe, Vietnam, Thailand, and the USA, broadening the company's overseas sales network and injecting new power into the company's sustained development. The establishment of this subsidiary is a forward-looking layout for the overseas sales channels of the Thailand factory, which will help promote the construction of the Thailand factory's production capacity and goals. It will complement the business of the USA holding subsidiary Eva-Last Americas, LLC, achieving differentiation through multi-brand, multi-channel, and multi-product supplementation. At the same time, it will strengthen the international influence of the company's own brands and further expand the company's sales territory in overseas markets.