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Future Electric: Plans to establish a wholly-owned subsidiary in Hong Kong with its own funds

2026-07-04 18:06:19

Future Electric announced that on July 3, 2026, the company held the 23rd meeting of the Fourth Session of the Board of Directors, at which it deliberated and approved the “Proposal on Establishing a Hong Kong Company for External Investment.” The company plans to establish a wholly-owned subsidiary, Witera Trading (HK) Co., Limited, in Hong Kong using its own funds, with a registered capital of USD 50,000. The subscribed contribution will be made in cash. The business scope includes the sales of related component products such as medium- and low-voltage electrical protection equipment, electrical control and automation, and the provision of technical services.

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