Yunyi Electric Plans to Invest 30 Million Euros to Establish Wholly-Owned Subsidiary in Belgium

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Yunyi Electric announced that the company plans to use its own or self-raised funds of 30 million euros to invest in the establishment of a wholly-owned subsidiary in Belgium, in order to build a localized supporting service system in Europe and improve its overseas market layout. The matter has been approved by the board of directors and does not need to be submitted to the shareholders' meeting for review.

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Jiangsu Yunyi Electric
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Plans to invest 30 million euros to establish a wholly-owned subsidiary in Belgium for overseas expansion.

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