Suzhou Future Electric Co., Ltd. announced plans to establish a wholly-owned subsidiary in Hong Kong, Witera Trading (HK) Co., Limited, with registered capital of 50,000 US dollars, using its own funds. The subsidiary will engage in sales and technical services for components related to medium- and low-voltage electrical protection equipment, electrical control and automation, in order to expand overseas business. The company held the 23rd meeting of the fourth board of directors on July 3, 2026, and approved the relevant proposal.
Suzhou Future Electrical Company Co. Ltd. AEstablishing a wholly-owned subsidiary in Hong Kong to expand overseas business is a strategic capital allocation move.